Earned Value Trend Lines - 2
Thus, "Earned Value"
- Combines progress, cost and schedule
- By presenting the measure of the value of work performed so far, plotted as a trend line
- Uses original estimates and progress-to-date
- To show whether the actual costs incurred are on budget and
- Whether tasks are ahead or behind the baseline plan
Examples
- You could appear to be under budget
- But only because you are behind schedule
- You could be ahead of schedule
- Because you spent extra effort with a potential for ending over budget