• Metrics and Ratios , Project Management ,
• 14 Apr

Earned value (EV) is simple formula that measures the progress of the project as a dollar value. It shows us the value of the project to date and is part of the Earned Value Management Methodology. EVM is an objective and systematic way for measuring performance and progress of projects. As a business manager articles

• Metrics and Ratios , Project Management ,
• 12 Apr

Schedule Variance is an Earned Value Management metric that tells us if a project is behind, on, or ahead of schedule. We will go over the traditional way of calculating it and then an alternate way of calculating this metric. The result of this formula is a dollar amount. This is confusing because we are

• Metrics and Ratios , Project Management ,
• 11 Apr

Planned Value (PV) is a component of Earned Value Management. EVM is an objective and systematic project management methodology for measuring performance and progress of projects. Planned Value is one of the metrics within this methodology. Another name is the Budgeted Cost of Work Scheduled (BCWS). PV is the value of completed work thus far. 

• Metrics and Ratios , Project Management ,
• 10 Apr

Cost Variance (CV) helps us understand if we are over, under, or on budget for projects. We use this along with the schedule variance to get an idea of how the project is going. Making good estimations and forecasts about a project is a good way to make sure that Cost Variance does not get