Practical sheet | REF: FIC1505 V1

Earned value analysis

Author: Stefan CSÖSZ

Publication date: July 10, 2015 | Lire en français

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1. Acquired value: what's at stake and how can it be implemented?

There are many challenges for the project manager:

  • find out as early as possible if the project is drifting in terms of costs and deadlines;

  • maintain a high degree of room for manoeuvre;

  • initiate corrective actions ;

  • arguing with hierarchy ;

  • make predictions about the end of the project.

In order to influence costs, the project manager must :

  • have an initial comparative reference (initial budget);

  • have a budget that reflects changes (budget to date);

  • regular updates on the status of the project (amount committed) ;

  • understand...

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Acquired value: what's at stake and how can it be implemented?