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Red Deer Construction Association Business SeriesEducation___Earned Value Management (EVM) for Construction Projects Earned Value Management (EVM) is a project planning and control approach which
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How to fill out earned value analysis in

01
Determine the planned value (PV) of the project, which is the budgeted cost of work scheduled.
02
Calculate the actual cost (AC), which is the actual amount spent on the project.
03
Determine the earned value (EV), which is the budgeted cost of work performed.
04
Calculate the schedule performance index (SPI) by dividing EV by PV.
05
Calculate the cost performance index (CPI) by dividing EV by AC.
06
Analyze the SPI and CPI values to determine the project's performance.

Who needs earned value analysis in?

01
Project managers who want to monitor and control the cost and schedule performance of their projects.
02
Stakeholders who want to ensure that the project is on track and within budget.
03
Organizations that want to improve their project management processes and optimize resource utilization.
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Earned value analysis is a technique used to measure the performance and progress of a project by comparing planned work, actual work, and costs.
The project manager or project team is typically required to file earned value analysis.
Earned value analysis is filled out by comparing planned work, actual work, and costs to assess the performance and progress of a project.
The purpose of earned value analysis is to provide insights into the performance and progress of a project, helping stakeholders make informed decisions and adjustments as needed.
Information such as planned work, actual work, costs, and variances must be reported on earned value analysis.
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