Earned Value Analysis

Paper Summary:

This paper focuses on the project manager's use of earned value analysis. Through predetermined set of indicators, this paper tabulates the progress of a given project, explains the calculation methods and draws conclusions based upon the findings. The paper further establishes a process of tabulation for the progress of the project prior to its completion based on the figures.

From the Paper:

"The documentation provides a specific set of criteria for earned value analysis. Earned value analysis is the scientific approach to project management in that is provides a firm set of criteria for measuring the success of any given project at the point it is inspected. (Wilkins 1999, 1) Computations for earned value analysis are based on the following criteria: 1. The project consists of constructing one fence with four different sides. 2. The initial budget for the construction totals $4,000, with $1,000 awarded to each portion of the fence for completion. 3. Each side should be completed one after another. 4. At the end of day three of the project, 2 sides are complete, and one side is half complete. 5. Day 2 was over budget by $200.00."

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