Earned Value Analysis

Question 1

EARNED VALUE ANALYSIS

Answer 1

Checks if the project is on track (time + money)

compares value of work done(earned value) to what was planned (planned value) and what was spent (actual cost).

Planned Value(PV): Budget for what you planned to do

Earned Value(EV): Budget for what you actually did

Actual Cost(AC): Money you actually spent

Question 2

Why EVA is Important ?

Answer 2

See if project is on schedule

Check if you’re over or under budget 💰

Fix issues before they get big 🚨

Support decisions → Give managers solid data to act 📊

Improves chances of finishing on time & within budget 🎯