Read progress through earned value
Calculate and interpret basic earned value signals for an outfitting work package.
Accommodation outfitting has a budget of 100,000 USD. By Friday, the plan was to complete accepted work worth 60,000 USD. Accepted work is worth 45,000 USD. Actual labor and subcontract cost is 58,000 USD. EVM compares planned value, earned value, and actual cost so schedule and cost signals are visible before final overrun. The common trap is counting visual completion as earned progress even when inspection records, defect clearance, and acceptance evidence are not complete. Before 80% complete because most cabins look installed. After PV 60,000; EV 45,000; AC 58,000; SPI 0.75; CPI 0.78; behind schedule and over cost for…
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