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Project Earned Value ReportProjects09Nov2009 12:56:34For Period NOV06Page 1 of 3Project Name RP×Project1Customer NameHilman and AssociatesProject Number RP×Project1Cost Budget Preapproved BudgetProject

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How to fill out project earned value report

01

To fill out a project earned value report, follow these steps:

02

Gather the necessary data: Collect information on the actual costs incurred, including direct and indirect costs, labor costs, material costs, and any other relevant expenses.

03

Calculate the planned value: Determine the budgeted cost of the work scheduled for a specific period or milestone.

04

Determine the earned value: Measure the value of the completed work, based on the budgeted cost of the work scheduled.

05

Calculate the actual cost: Calculate the total expenditures made for the project, including direct and indirect costs.

06

Calculate the schedule variance: Determine the deviation between the earned value and the planned value, indicating whether the project is ahead or behind schedule.

07

Calculate the cost variance: Determine the deviation between the earned value and the actual cost, indicating whether the project is under or over budget.

08

Analyze the performance indices: Calculate the schedule performance index (SPI) and the cost performance index (CPI) to evaluate project efficiency and productivity.

09

Prepare the report: Compile all the calculated values, variances, and indices in a clear and concise format, along with any additional insights or recommendations.

10

Review and validate the report: Ensure the accuracy of the data and perform a thorough review before presenting or sharing the earned value report with stakeholders.

Who needs project earned value report?

01

A project earned value report is typically needed by project managers, project sponsors, executives, and stakeholders who want to track the progress and performance of a project. It provides insights into cost and schedule performance, helps identify potential issues, and assists in making informed decisions regarding project management, resource allocation, and budgeting. The report can also be useful for organizations, auditors, and regulatory bodies that require visibility and accountability for project costs and outcomes.

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What is project earned value report?

The project earned value report is a project management tool that compares the planned work and the actual work completed, to assess the project's progress and performance.

Who is required to file project earned value report?

Project managers or team leads are typically responsible for filing project earned value reports.

How to fill out project earned value report?

Project earned value reports are typically filled out by inputting data on planned work, actual work completed, and budget information into a standardized template.

What is the purpose of project earned value report?

The purpose of project earned value report is to provide insight into the project's performance, progress, and adherence to budget and schedule constraints.

What information must be reported on project earned value report?

Information such as planned work, actual work completed, budget information, and any deviations from the original project plan must be reported on project earned value report.

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