Earned Value Management

This package implements the earned value management process (EVA) as defined in Earned Value Management (Wikipedia) . It allows users to compared planned with actual and earned costs during the life cycle of a project in a graphical and intuitive way.

image:package-earned-value-management-hours

The image above shows a typical project that is not going very well with three lines:

  • Work Planned (hours) - The work as defined in the project plan by means of a Gantt diagram or similar
  • Work Done (hours) - The work actually completed, as measured by the "percentage done" value of each task, multiplied with the planned work of that task
  • Work Logged (hours) - The hours logged by the project team while performing the work

In this example, a project manager might deduce:

  • The project is only 70% finished, even though it should be finished already
  • The project is already over budget, even though there are 30% work left to do.


 

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