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Program Requirements2017 EARNED VALUE PROMOTIONCONTENTS
I. Background and Program Description ...................................................... 2II. Program Parameters .................................................................................23III.
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How to fill out earned value credits

How to fill out earned value credits
01
To fill out earned value credits, follow these steps:
02
Identify the project's planned value (PV), which is the authorized budget for the project activities.
03
Determine the actual cost of the project activities or the earned value (EV).
04
Calculate the actual cost of work performed (ACWP). This is the total cost incurred for the project activities.
05
Calculate the schedule variance (SV) by subtracting PV from EV.
06
Calculate the cost variance (CV) by subtracting EV from ACWP.
07
Calculate the schedule performance index (SPI) by dividing EV by PV.
08
Calculate the cost performance index (CPI) by dividing EV by ACWP.
09
Analyze the values obtained to assess the project's performance and determine if it is on schedule and within budget.
Who needs earned value credits?
01
Earned value credits are beneficial for project managers, stakeholders, and financial analysts.
02
Project managers use earned value credits to track and monitor the progress of their projects, ensuring they are on schedule and within budget.
03
Stakeholders rely on earned value credits to understand the financial performance of a project and its overall health.
04
Financial analysts use earned value credits to make informed decisions regarding project investments and resource allocations.
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What is earned value credits?
Earned value credits are a method for tracking the performance and progress of a project by comparing the planned value to the actual cost and schedule performance.
Who is required to file earned value credits?
Contractors and project managers are usually responsible for filing earned value credits for projects.
How to fill out earned value credits?
Earned value credits can be filled out by tracking the planned value, actual cost, and schedule performance of a project and comparing them to assess its progress.
What is the purpose of earned value credits?
The purpose of earned value credits is to provide a comprehensive view of a project's performance and progress, allowing stakeholders to make informed decisions.
What information must be reported on earned value credits?
Earned value credits typically require reporting on planned value, earned value, actual cost, schedule performance, and cost performance.
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