What is this?
This is a tool enable you to track historical earned value statistics and is used to forecast future project performance. This tool takes the heat out of preparing EVA statistics within MSProject.
More and more these days organisations are using Earned Value Analysis (EVA) to monitor the performance of their projects and programmes of work for the reasons I detailed in my post “Why Should I Use Earned Value Analysis”.
Please click the link to download your free “Excel 2007 Earned Value Calculator”
I have actually used this calculator on a number of projects in place of using Microsoft Projects Earned Value Analysis (EVA) capability because of its greater flexibility and use as project reporting tool.
This post demystifies via a simple scenario the practical application of EVA. An ideal post to read for beginners to the subject.
If you are not sure what Earned Value Analysis is and why it is important then click on the following posts:-
Many Project Managers undertake earned value analysis everyday without realising it. For example a quick project performance health checks often compare the percentage of project time used against the percentage of budget spent. If they match then the project is supposed to be OK! The other unwitting use of EVA is the Budget vs. Actual performance indicator.
EVA is nothing new!
If you are not sure what Earned Value Analysis is all about then please look at my earlier post “What is Earned Value Analysis”.
Currently EVA has most traction in the US. This is due to the fact that the main project management institute defining best practice in the states (the PMI) have EVA as a major part of their project management syllabus. It was therefore no surprise to me that my first encounter with EVA was with Accenture and that most excellent subsidiary of theirs Avanade. Avanade use EVA as a key project monitoring and control strategy for the timely delivery-to-budget of fixed price projects.
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