Author: Laith Adel
Laith Adel, Laith is Principal Consultant of EPM Partners in Australia. Laith has a strong background in Engineering, Project Management and Information Technology. Laith has worked with the Microsoft Enterprise Project Management (EPM) solution, since its early versions, and participated in many of the largest EPM implementations across the world. Laith is also the chapter leader of the Microsoft Project Users Group (MPUG) in Sydney.
Earned Value Demystified
What is Earned Value Analysis? EV is KPIs that measure the Cost and Schedule performance of a project. It’s like a traffic light (green, orange and red), but better. Here are the main blocks of the EV calculations: So What? Earned value indicators that are variances or ratios can help you determine if there is enough money left in the budget and if the project will finish on time. We Want +/0 Variance and >=1 Indicators Earned Value Little Story EV = $50 CV = $50 – $100 = -$50 CPI = $50 / $100 = 0.5 SV = $50 – $70 = -$25 SPI = $50 / $75 = 0.67 To View Earned Value in Microsoft Project Click on View tab In the ‘Data’ section click on Tables Choose ‘More Tables’ Choose one of the Earned Value Tables: – Earned Value – Earned Value Cost Indicator – Earned Value Schedule Indicator Hit ‘Apply’