Earned value analysis - a proven and evolving methodology

Abstract

The main purpose of this article is to point out of this project management approach by presenting the main lines of this project management technique: basic concepts, modern formulations and details of some more advanced concepts that arouse interest among EVA practitioners. The idea behind this system is simple and wise: before the project starts, the project team is asked to describe the pace at which the project should acquire value. Once the project has started, the project team reports on the progress achieved by reporting a valued physical progress on the one hand, and the amount of costs incurred on the other hand. In analyzing this instantaneous performance, constituents and stakeholders have an objective assessment of the health of the project. If necessary, they can make decisions: review the mandate given to the project team, grant an additional budget allocation, review the project schedule even in certain circumstances, put an end to the project altogether!