Earned Value Analysi s
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Earned Value
Analysis
Earned Value Analysis• Schedule
Variance• SV = EV - PV• Negative is bad• Positive is good
Creating a Time-Phased Budget
Task Activity Budget (PV) Week 1 Week 2 Week 3 Week 4 Week 5 Week 6
Design prototype board $468 $78 $390
Order Sensors $156 $156
BreadBoard Sensors and connections $546 $234 $312
Outline programming requirements $390 $78 $312
Draft Preliminary Program $1,092 $78 $390 $390 $234
Load program and test $156 $156
Setup "Real" Twitter Account $39 $39
Develop Final Test Criteria $78 $78
Test $780 $78 $390 $312
Put into Case $39 $39
Complete Perm Install $156 $78 $78
Write up Details and Post $234 $234
Week Total $234 $1,326 $1,014 $702 $546 $312
Cumulative $234 $1,560 $2,574 $3,276 $3,822 $4,134
Week 1 Week 2 Week 3 Week 4 Week 5 Week 6$0.00
$1,250.00
$2,500.00
$3,750.00
$5,000.00
Planned Value at this time in the project = $2574
Today
Actual Costs (AC)
AC = $3,000
Percent of work complete50%
Earned Value
Project Total PV = $4,134
EV= Total PV for Project or Activity X % Complete
Today = End of Week Three
Percent of work complete50%
Earned Value
EV= 4,134 X 50% = $2,067
Project Total PV = $4,134
Today = End of Week Three
0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6$0.00
$1,250.00
$2,500.00
$3,750.00
$5,000.00 PV AC EV
0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6$0.00
$1,250.00
$2,500.00
$3,750.00
$5,000.00 PV AC EV
SV=EV-PVSV=$2,067-$2574
SV= -$507
Be Careful When Using Money to Measure Time
Percent of work complete100%
Earned Value
EV= 4,134 X 100% = $4,134
Project Total PV = $4,134
0 Week 1
Week 2
Week 3
Week 4
Week 5
Week 6
Week 7
$0.00
$1,250.00
$2,500.00
$3,750.00
$5,000.00 PV AC EV
SV= 0
PV = $2574EV = $2574
Be Careful When Using Money to Measure Time
Indexes to Monitor Progress
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