Earned value analysis
a case study
Tom Ingram, in a article in the December 1995 issue of PM Network,presented a case study of how he brought a project under control using an earned value analysis. This article adds to Ingram's discussion by providing a quantitative case study of earned value project tracking, and reviews and describes the use of the most common project status indicators. A project baseline is set during the planning phase, and as various milestones are reached, they become earned value according to the budgeted value of the work done. Earned value measures project performance by comparing the work initially planned with the work actually accomplished and enables project managers to determine if costing and scheduling are on track. Computerized tools greatly help with the presentation of earned value data.