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

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 where the project is going (deviations, drifts and trends).

Finally, he needs to know to what extent the project is on schedule and on budget at its actual end date (projected...