Earned Value Management
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Building Blocks of Earned Value Analysis
 
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.

 Basis for Earned Value Analysis:
  • Budget at Completion (BAC) = Overall approved budget for a task.

  • Actual Costs (AC) = Total amount spent on a task up to the current date.

  • Percent Complete = Task progress, related as either EV/BAC, or simply physical progress shown by the fill of the task bar.

 

 
Once these three measurements have been established, the following calculations can be performed:
  • Earned Value (EV) = BAC x Percent Complete. The budgeted cost of completed work as of the current date.

  • 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.

 


View detailed EVM data in actual dollars as part of a presentation schedule...
 
 

...or use an easy-to-read DataGraph for at-a-glance visual analysis of project trends.

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