Posts Tagged "Critical Path"

EVM will be the death of me!

Posted by in Blog, Project Management

Earned Value Management (EVM) is the value of completed work expressed in terms of the approved budget assigned to that work for a schedule activity or work breakdown structure component. “One” represents a single entity, the unit of counting or measurement, but in Project Management “one” represents peace of mind…mostly. Cost Performance Index (CPI) is the rate at which the project performance is meeting cost expectations during a given period of time; the formula for calculating it is CPI=EV ÷ AC. (EV represents Earned Value, PV represents Planned Value, and AC represents Actual Cost) < 1  means the cost of completing the work is...

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