Earned Value Analysis: Worked Example

Learn how to do an Earned Value Analysis in this easy-to-understand example. We will perform an earned value analysis for a simple project. We'll calculate the earned value analysis (EVA) metrics including AC (Actual Cost), EV (Earned Value), PV (Planned Value), CPI (Cost Performance Index), CV (Cost Variance), SPI (Schedule Performance Index) and SV (Schedule Variance).
Corresponding Blog Article on Earned Value Analysis:
www.tacticalprojectmanager.co...

[@efosaodiase501]

You are heaven-sent!!!
Thank you.

[@StefanoVerugi]

Outstanding explanation, in less than 12 minutes this video clearly explains a concept often cause of headache and frustrations to those who try to grasp it. Most grateful.

[@eh8092]

very good. This was very straight forward and easy to understand.

[@z_vast4960]

Okay. This was a VERY good example. I am not the type to leave public comments tho, but this is really good. Looking at the title of the video, my expectations rose and you met it. Good job.

[@DPA2462]

This was the most comprehensive video explaining the information I needed. Your tempo was at a good speed not too slow not too fast and the flow was perfect. Thank you.

[@amerkhan7006]

Excellent video on EVM.

[@charlesopikkwot7247]

I love it because it becomes the easiest way to learn about earned value management.

[@bixby5690]

short and crisp way of revising EVM concept.. cheers!

[@grigorekushnir]

Watched this video while doing my exam, made everything super clear!

[@madshopper763]

Excellent video with a real live example - I think I actually have it now, thanks so much :)

[@cvijaykumarreddy]

This was a wonderful illustration of EVA.

[@BruceWilliams-mt9xt]

Very concise. Thank you.

[@larakirwan9297]

Awesome explanation for my math-weary brain. Thank you!

[@namjoonsmoonchild1225]

Thank you so much for the simple explanation.

[@milner267]

A great example. Thank you so much for sharing.

[@MsYagiz]

very clear explanation, thank you!

[@maheshkamthe]

One of the best one on EVM for such a short duration and simplicity.

[@teshomekebede7403]

Outstanding explanation. Thanks!

[@caseyculpepper4422]

This was a wonderful illustration of EVA. It helped me during one of my PM courses. The visual aids that you provided really added value as well. Thanks you sir!

[@joeysaavedra56]

Well explained and easy to understand!

[@cynthiamcculley285]

This was great! Thank you!

[@joshuadcryer]

Excellent video!

[@pavandeepn]

Thank you🙏. Great explanation.

[@dindody389]

Great way to refresh my EVA! Very helpful indeed, very simple and direct explanation. Can be applied to Program Management

[@desmondonotafe213]

Great explanation

[@ronaldbrown1766]

Very well put together and explain. Thank you. Here is another Thumbs-up.

[@abiolaibrahim891]

Excellent work!

[@carolgreaves]

Amazingly easy to understand. Thank you!!. You are wonderful!

[@TacticalProjectManager]

Thank you Carol. I give the compliment back to you, my followers.

[@Seko934]

Amazing! Thank you so much. Showing this to my students

[@horlansiren9607]

Thanks Sir, this video was really helpful and easy to understand

[@JudgeHolden13]

This is reallly good!

[@enokouchristian8021]

Very helpful. Thanks very much

[@brianalfandi8271]

this video very helpfull to simplify understanding process of EVA..good

[@chisomokafor401]

Thank you this was very helpful

[@lanacahe]

Amazing. Clear as heck

[@sampathpriyajanakawattege386]

Excellent....

[@pavel_kkkkkk]

Cool video thanx!

[@Zaperlott]

thank you, really very helpful

[@rodrigomencos4615]

Quite well explained. Thanks for sharing this video. Very helpful.

[@TacticalProjectManager]

Thank you Rodrigo! Glad you found the video helpful!

[@amosolalekanadebayo5615]

Thank you so sir this is helpful

[@Love-peace-Happiness]

Excellent

[@earlybirdcatchestheworm8598]

Great,thanks

[@thachns]

Thank for useful video

[@ashu2502]

Thank you 👍👍👍

[@josiazeb3876]

Very good sir

[@mirror1023]

I’m the 2000th subscriber!

[@nirvairkhanuja8542]

Super Stuff❤

[@sarazgenetic9549]

Really useful

[@zeidounmeksi9799]

good example

[@prasathramalingam1173]

You cracked it :)

[@Frosty__GT11]

I don’t get the point of the schedule answer; behind 900, what does that mean in time? I can’t say the schedule will be late 900. How late will the project be (based on the example, how many days late? )?How much over budget of the delays continue? I know how much we are over budget today, but what is the projected end cost?

[@aclaroda3460]

Hi is there a link to that spreadsheet?

[@ProfessorJoaoArantes]

Thank you for your wonderful explanation. However, maybe there is a small error. The EV for Build Product activity should be calculated based on the 3 days (900*3*0.5= 1350), not the four days (900*4*0.5= 1800). The same error appears on EV for Test and Refine, that should be 1*700*0.25 = 175 instead of 700(4*700*0.25=700). Thank you so much for the example your created. If you do these corrections, the final numbers are sv= -1875, spi =0.73, cpi =0.7 and cv =-2175. I hope it helps. Please also check the name of activity on table EVA Metrics, it should be Build Machine instead of Build Product. All my best and thanks again

[@sourod]

The earned value calculated is correct in the video. The Planned total cost for Build Product is 3600. And, at the current timeline, the completion is 50%. Hence it is simply (50% * 3600 = 1800). Earned Value is not based on how many days has been worked. Simply put, it is the value of the work completed based on initial budget.

[@eleayeproctor9490]

Did you mean Planned value as this indeed, should be 50% x 2 days.

[@tgnupe2]

Does this mean we are over budget by $1200 and almost a day behind schedule?

[@moutasemabdulrahman1194]

What will be the case for BCWS if activity 3 was completed beyond week 8

[@jutiarhasan]

Wonderful illustration, did the table make by MS Excel?

[@TacticalProjectManager]

Hi Jutiar, I built these slides in PowerPoint 😃

[@jutiarhasan]

@@TacticalProjectManager Nice👏🤔

[@vishwaninadee8769]

👍👍👍👍👍

[@francesguingon5809]

please explain again why we get AC of 50% on activity C?

[@horlansiren9607]

50% is the actual percent of work completed on activity c on ground which is less than the percent of work as per schedule.

[@vev1989]

dude, what about BAC, EAC, TCTO, PLS EXPLAIN

[@relatedsounds7483]

I can see the light

[@sarazgenetic9549]

I guess you are German 😊from your accent