Practical sheet | REF: FIC1308 V1

Applying the earned value method to projects: benefits and pitfalls to avoid

Author: Laurent VINCI

Publication date: June 10, 2014 | Lire en français

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2. Calculate and concatenate individual physical advances

As we saw in the previous paragraph, to implement the method, it is necessary to calculate three values:

  • earned value (EV) ;

  • planned value (PV) ;

  • actual costs (RC).

Let's move on quickly to the calculation of actual costs, which presents no particular difficulties: these are simply costs spent to date.

The calculation of the other two values, on the other hand, is based on two project management disciplines: :

  • deadline management ;

  • cost management.

In fact, to calculate the planned value (calculated at the start of the project) and the earned value (to date), we have to rely on the individual physical...

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Calculate and concatenate individual physical advances