Use earned value before the fee is gone
Calculate basic earned value signals for an engineering design package and decide what the variance means.
A $120K civil design phase is at week 4. The baseline plan expected $60K of work to be complete. Timesheets show $72K spent. Milestone evidence shows $48K of budgeted work actually earned. Earned Value = Planned Value vs Earned Value vs Actual Cost The common trap is treating percent fee spent as percent complete. That hides low productivity until the project has little fee left to recover. Planned Value PV = $60K, because the baseline expected half of the $120K phase to be complete by week 4. Planned Value is about the schedule baseline, not what the team spent. Earned…
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