Earned value compares work done, time spent and money spent to show if a project is on track.
In this article
Planned value
What should be done.
Earned value
What is done.
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Actual cost
What was spent.
Variances
Ahead or behind.
Keep it simple
Use it as a warning sign.
Common mistakes
Guessing progress, ignoring variances and overcomplicating.
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Frequently asked questions
Is earned value only for big projects?
The idea works on any size job: compare progress with cost and schedule to catch problems early.