Chang/Shang-Jen/Nov 15 chapter 10/page 455/ 6, 9

6.

Schedule Variance (SV) = Earned Value –Planned Value

Cost Variance (CV) = Earned Value –Actual Costs

Time Variance: Scheduled time (ST) –Actual time (AT)

Negative –bad performance, positive –good performance, measures project performance

Work-Experience Application:

9. Purpose: EVA - predict future trends - analyze schedule and cost performance in many

ways compare overall situation - recognize at an early stage if project goes into a wrong

direction - quickly react and get the project back on track.

Major difference to other analysis - EVA takes the value of the physical work performed into

account.

Work-Experience Application: