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Earned Value Analysis

A technique that, at a specific reporting date, compares how the project is actually performing against what was planned to evaluate cost and schedule status.

Key Points

  • Compares Planned Value (PV), Earned Value (EV), and Actual Cost (AC) to gauge progress.
  • Calculates key metrics: CV = EV - AC, SV = EV - PV, CPI = EV/AC, SPI = EV/PV.
  • Enables forecasting, such as Estimate at Completion (EAC) and Estimate to Complete (ETC).
  • Depends on an approved baseline and clear measurement rules; usable in predictive or agile settings.

Example

By the end of Sprint 4, the plan called for PV = $100,000. The team has completed work worth EV = $80,000 and spent AC = $120,000. Results: CV = -$40,000 (over budget), CPI = 0.67; SV = -$20,000 (behind schedule), SPI = 0.80. The project manager reviews causes and plans corrective actions.

PMP Example Question

Which technique compares actual cost and progress to the plan at a specific reporting date using metrics like EV, PV, and AC?

  1. Trend analysis
  2. Earned Value Analysis
  3. Parametric estimating
  4. Critical path method

Correct Answer: B — Earned Value Analysis

Explanation: Earned Value Analysis compares actual performance with the plan at a point in time using EV, PV, and AC to assess cost and schedule performance.

Advanced Project Management — Measuring Project Performance

Move beyond guesswork and status reporting. This course helps you measure real progress, spot problems early, and make confident decisions using proven project performance techniques. If you manage complex projects and want clearer visibility and control, this course is built for you.

This is not abstract theory. You’ll work step by step through Earned Value Management (EVM), learning how cost, schedule, and scope come together to show true performance. You’ll build a solid foundation in EVM concepts, understand why formulas work, and learn how performance data actually supports leadership decisions.

You’ll master Work Breakdown Structures (WBS), control accounts, and budget baselines, then apply core EVM metrics like EAC, TCPI, and variance analysis. Through a detailed real-world example, you’ll forecast outcomes, analyze trends, and understand contingencies and management reserves with confidence.

Learn how experienced project managers monitor performance, communicate results clearly, and take corrective action before projects slip. With practical exercises and hands-on analysis, you’ll be ready to apply EVM immediately. Enroll now and start managing performance with clarity and control.



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