Tracking Project Progress &

Performance:
EARNED VALUE MANAGEMENT

Most slides adapted from: Larson, E. and Gray, C. (2018).

Project Management: The managerial Process. McGraw Hill.
How does a project
get one year late?
…One day at a time.

- Frederick P. Brooks
Baseline
Gantt Chart
Project Schedule
Control Chart
BASELINE
: THE
WORK
PACKAGE
Baseline Data Relationships
Cost/Schedule Graph

SV=BCWP-BCWS

CV=BCWP-ACWP
Earned-Value Review Exercise
Project Network Plan
Project Baseline Budget
Updated Status Report
Cost/Schedule Graph
EVM DRILL
Glossary of Terms
BCWS Budgeted cost of the work scheduled. A cost estimate of the
resources scheduled in a time-phased cumulative baseline.
BCWP Budgeted cost of the work performed. The earned value or
original budgeted cost for work actually completed.
ACWP Actual cost of the work completed. The sum of the costs incurred in
accomplishing work.
SV Schedule variance (BCWP - BCWS).
CV Cost variance (BCWP - ACWP).
BAC Budgeted cost at completion. The total budgeted cost of the baseline or
project cost accounts.
EAC Estimated costs at completion. Includes cost to-date plus revised
estimated costs for the work remaining.
FAC Computed forecasted costs at completion.
VAC Variance at completion (BAC - EAC or BAC - FAC). Indicates expected
actual over or underun at completion.
Break &
Case
Discussion
by Learning
Team
PRESENTATIONS