Welcome to Legit Writing

LegitWriting LegitWriting

Earned Value Management

Read the following on the Earned Value Management method as a project management technique:

Frank T Anbari (2003). Earned Value Project Management Method and Extensions. Project Management Journal. Vol. 34, Iss. 4; pp. 12-23. (Available from Marcoullis.com)

Project Management in Government: An Introduction to Earned Value Management (EVM). Kwak, Y.H. , Anbari, F. (2010). Project Management in Government: An Introduction to Earned Value Management (EVM). Washington, DC: IBM Center for The Business of Government, Fall/Winter 2010, 82-86.

Additional Information

You may also want to go Wikipedia for information on Earned Value Management. Wikipedia is NOT considered a reliable academic source. It can be used for general inquiry into a subject and for the many links it provides for further research, but that is all. Do not cite Wikipedia as a resource.


There are free web resources which explain well the EVM. For example, see the PDF file tutorial from the U.S. Department of Energy: Earned Value Management Tutorial: Module 6: Metrics, Performance Measurements and Forecasting.


The objective of this assignment is to compute earned value metrics and use them to evaluate a project.

A hypothetical project is presented in Template. The project is comprised from three phases and each phase is 4 weeks long. Within the assignment the empty cells needs to be filled-in based on the provided information in Frank T Anbari (2003).

The following abbreviations ( key components) are used in Table 1. The definitions and formulas could be found in Frank T Anbari (2003). The pages are indicated.

PV – Planned Value/Budgeted cost of work scheduled
EV – Earned Value/ Budgeted Cost of work Performed
AC – Actual Cost
BAC – Budget at completion
SV – Schedule variance
CV – Cost Variance
CPI – Cost performance index
TV – Time Variance
SPI – Schedule performance index
EAC (Method 2) or CEAC – Cost estimate at completion
VAC – Variance at Completion
TEAC – Time Estimate at Completion

Are you interested in this answer? Please click on the order button now to have your task completed by professional writers. Your submission will be unique and customized, so that it is totally plagiarism-free.