The Uses of Earned Value Calculations in Project Management
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Earned Value Calculations have many uses in project management. This excerpt gives a brief overview of the theory. This entry will provide you with answers to the following questions: Why are earned value techniques any different than just comparing the traditional budget to date with the expenditures to date? After reviewing the EV technique and calculations, does the method have any use when monitoring a project?
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Solution Summary
This excerpt explains how the yields of using earned value techniques differ from that of comparing the traditional budget to date with expenditures to date. It also explains how both forms of calculations can be useful when monitoring and controlling a project.
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Why are earned value techniques any different than just comparing the traditional budget to date with the expenditures to date? After reviewing the EV technique and calculations, does the method have any use when monitoring a project?
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