Earned Value

Analysis

Earned Value Analysis

• Cost Variance• CV = EV - AC• Negative is bad• Positive is good

Creating a Time-Phased Budget

Task Activity Budget (PV) Week 1 Week 2 Week 3 Week 4 Week 5 Week 6

Design prototype board $468 $78 $390

Order Sensors $156 $156

BreadBoard Sensors and connections $546 $234 $312

Outline programming requirements $390 $78 $312

Draft Preliminary Program $1,092 $78 $390 $390 $234

Load program and test $156 $156

Setup "Real" Twitter Account $39 $39

Develop Final Test Criteria $78 $78

Test $780 $78 $390 $312

Put into Case $39 $39

Complete Perm Install $156 $78 $78

Write up Details and Post $234 $234

Week Total $234 $1,326 $1,014 $702 $546 $312

Cumulative $234 $1,560 $2,574 $3,276 $3,822 $4,134

Week 1 Week 2 Week 3 Week 4 Week 5 Week 6$0.00

$1,250.00

$2,500.00

$3,750.00

$5,000.00

Planned Value at this time in the project = $2574

Today

Actual Costs (AC)

AC = $3,000

Percent of work complete50%

Earned Value

Project Total PV = $4,134

EV= Total PV for Project or Activity X % Complete

Today = End of Week Three

Percent of work complete50%

Earned Value

EV= 4,134 X 50% = $2,067

Project Total PV = $4,134

0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6$0.00

$1,250.00

$2,500.00

$3,750.00

$5,000.00 PV AC EV

0 Week 1 Week 2 Week 3 Week 4 Week 5 Week 6$0.00

$1,250.00

$2,500.00

$3,750.00

$5,000.00 PV AC EV

CV=EV-ACCV=$2,067-$3000

CV= -$933

Indexes to Monitor Progress