1103 Points of EVM for Project Status Analysis

Abstract

By using EVM with variance analysis between the planed value and the actual value, project overall progress can be monitored and values at completion can be estimated. While it is demanded to use EVM as an analysis tool to correct schedule delay or cost overrun. To make an action plan in actual, it is needed to know the progress of small work package level rather than the project overall. In this paper, it is discussed how to utilize EVM to monitor the progress of small work package level and analyze the project status.