Earned Value Management
Earned Value Management
This Demonstration shows the relationship of Earned Value Management (EVM) performance indicators based on a real project midway to completion.
The estimated time to complete (ETC) gives the project manager an idea of the cost estimate at completion (EAC), based on the planned value (PV), the after work breakdown structure (WBS), the estimation exercises, the actual costs (AC), and the currently earned value (EV).
The cost variance (CV) and schedule variance (SV) are shown as well as the performance indicators that may help to stay in budget and on schedule.
The bull's-eye view lets the manager see deviations early on.
For further use of EVM within daily project management, see [1].