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Building Blocks of Earned Value Analysis |
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In addition to more accurate project
status assessment, EVM makes it easy for a project manager to
analyze both schedule and cost performance in a variety of ways.
Using a limited set of basic task information, it is possible
not only to determine how a project has been performing, but to
predict future performance trends as well. |
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| Basis
for Earned Value Analysis: |
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Budget at Completion (BAC) =
Overall approved budget for a task.
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Actual Costs (AC) = Total amount
spent on a task up to the current date.
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Percent Complete
= Task
progress, related as either EV/BAC, or simply physical
progress shown by the fill of the task bar.
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Once these three measurements have
been established, the following calculations can be performed: |
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Earned Value (EV)
= BAC x
Percent Complete. The budgeted cost of completed work as of
the current date.
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Planned Value (PV) = The point
along the time-phased budget that crosses the current date.
Shows the budgeted cost of scheduled work as of the current
date.
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| View
detailed EVM data in actual dollars as part of a presentation
schedule... |
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...or use an easy-to-read
DataGraph for at-a-glance visual analysis of project
trends. |
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