Analyze Project Performance With Earned. The sources of your projects problems is likely early in it and will likely have had too much impact to correct without incurring great cost and frustration from your team manager and other stakeholders. The earned value analysis EVA is a project controlling procedure and is one of the key performance indicators of a project like the cumulative flow diagramWith the EVA the planned and current costs of a project are identified on any desired reporting date as well as the earned value as well as other figures like time and cost efficiency.
I created a small project 17 tasks and defined resources and resource cost per hour. A measure of the cost of work performed up to the status date or current date. Theres a bit of arithmetic involved in these values variances and ratios but its worth examining the formulas so you understand how to apply the values to analyze your project.
It does this by comparing the progress and budget of work planned to the actual costs.
I Calling it Earned Value Management EVM the technique was included in its Guide to the Project Management Body of Knowledge PMBOK 2000 edition as one of the standard methods of controlling performance and ii Included EVM in PMP its flagship. Vorab sollten Sie wissen. Subsequently Project Management Institute adopted it as a standard. Companies embracing earned value prepare procedures and may provide some basic training.
