Earned value analysis
Tool/Technique
A data analysis technique for measuring the performance of work. The core elements of the EVT are:
- Actual Cost (AC)
- Planned Value (PV)
- Earned Value (EV)
Using the values for the elements above you can work out:
- Schedule Variance (SV)
- Cost Variance (CV)
- Schedule Performance Index (SPI)
- Cost Performance Index (CPI)
- Estimate at Completion (EAC)
- Budget at Completion (BAC)
- Variance at Completion (VAC)
- Estimate to Complete (ETC)
- To Complete Performance Index (TCPI)
Used in:
- Monitor and Control Project Work (M&C)
- Control Schedule (M&C)
- Control Costs (M&C)
- Control Procurements (M&C)
Part of:
