Read Earned Value Without Panic
Interpret basic earned value indicators for a program workstream.
stat-tile-trio calculation-trail try-feedback Integration planned $500,000 of work by now, completed $400,000 of budgeted work, and spent $470,000. EVM basics: planned value, earned value, actual cost, schedule variance, cost variance The common trap is to see budget spent and assume progress. Spend is not the same as earned work. Set values PV = $500,000, EV = $400,000, AC = $470,000. Keep the three values separate. Planned value is what should be done, earned value is what is done, actual cost is what was spent. Schedule variance SV = EV - PV = $400,000 - $500,000 = -$100,000. Negative schedule variance…
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