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The Earned Value (EV) tells you if you are over budget or behind your schedule with your project. It is used to compare the project plan with its actual status.
The Earned Value Analysis (EVA) is the method to evaluate project progress at a given time.
EV = PV x %
EV: Earned Value
PV: Planned Value (on a specific date)
%: Percentage of completion
With the Earned Value, you can calculate other important planning indicators, such as:
PM tools display the Earned Value for each activity and the entire project — without any calculations needed:
In our blog, you can find practical examples of these indicators:
Earned Value Analysis as an Efficient Project Controlling Tool
172 words • 2 minutes
How efficiently are you using your time and resources? Learn how to properly use the concept of Earned Value in project management: Explanation and calculation of important project controlling key figures to compare the project plan and actual status.