Analyzing Progress and Costs Using Earned Value

Earned value calculation is a systematic method of measuring and evaluating schedule, cost, and work performance in a project. Earned value provides a variety of comparisons between baseline and actual information. The basis of earned value calculations are the following:

• The project baseline, including schedule and cost information for assigned resources

• Actual work and costs reported

• Variances between actuals and baseline information

• A status date, often the current date

As soon as you save a baseline, Project 2003 begins calculating and storing earned value data. You can view this data using three earned value tables and an earned value report.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment