How do you use earned value analysis to track project performance?
Earned value analysis is a project management technique that helps to measure project performance by comparing planned work against actual work completed. It involves analyzing the project’s budget, schedule, and scope to determine if the project is on track. By using various formulas and metrics, such as Cost Performance Index (CPI) and Schedule Performance Index (SPI), project managers can assess the project’s health and make informed decisions to keep it on track.
March 18, 2024