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How to Calculate Earned Value in Project Management
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Are you interested in learning more about earned value in project management? This easy-to-understand video teaches the concept of earned value analysis in a way that’s clear and concise. You’ll learn how calculating earned value will allow you to see when you’re over budget or progressing too slowly, so you can make adjustments.
Earned value analysis is a way for project managers to measure and monitor how much work has been completed compared to the project plan. Earned value calculations will help you quickly find out if your project is behind schedule or over budget. When you are able to calculate performance against a timeline and budget, you are much more likely to catch bottlenecks and potential budget challenges before they get out of control.
We’ll go through several earned value formulas with examples, including:
1. Earned value (EV)
2. Schedule variance (SV)
3. Cost variance (CV)
4. Schedule performance index (SPI)
5. Cost performance index (CPI)
These calculations will allow you to keep a close eye on progress throughout your project, saving you from making costly mistakes along the way.
__________________
Subscribe to our channel and learn how to become a better project manager today:
__________________
Earned value analysis is a way for project managers to measure and monitor how much work has been completed compared to the project plan. Earned value calculations will help you quickly find out if your project is behind schedule or over budget. When you are able to calculate performance against a timeline and budget, you are much more likely to catch bottlenecks and potential budget challenges before they get out of control.
We’ll go through several earned value formulas with examples, including:
1. Earned value (EV)
2. Schedule variance (SV)
3. Cost variance (CV)
4. Schedule performance index (SPI)
5. Cost performance index (CPI)
These calculations will allow you to keep a close eye on progress throughout your project, saving you from making costly mistakes along the way.
__________________
Subscribe to our channel and learn how to become a better project manager today:
__________________
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