Tag Archives: Earned Value

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Earned Value Simplified

Evaluating a project’s performance can seem like an overwhelming task, but with the right tools in hand the process can become a lot more manageable. One very popular method used by many project managers is a concept called Earned Value. EV is used to look at how well or not so well a project is performing from the perspective of a single unit of measurement (money). It takes the two dimensions associated with project performance measurement, cost and time, and combines them so that even the project’s schedule performance (time) can be expressed in dollars.