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Earned Value Analysis
Earned Value Analysis (EVA) enables you to measure progress and then forecast when the project will be completed and at what cost. The EVA measures performance in terms of time, cost and scope. It is a quantitative technique that necessitates an estimate of both work progress and related cost. The technique may be used to assess progress on an individual construction activity, a group of activities (work package) or the entire project. It can be used on any type of construction project and is best used with graphical tools and supporting software to highlight current and future trends. We explain the basis of the technique and the EVA methodology. We outline what is needed for an EVA system and how to use this system successfully, identifying common pitfalls and how to overcome them.
Earned Value Analysis
Earned Value Analysis (EVA) enables you to measure progress and then forecast when the project will be completed and at what cost. The EVA measures performance in terms of time, cost and scope. It is a quantitative technique that necessitates an estimate of both work progress and related cost. The technique may be used to assess progress on an individual construction activity, a group of activities (work package) or the entire project. It can be used on any type of construction project and is best used with graphical tools and supporting software to highlight current and future trends. We explain the basis of the technique and the EVA methodology. We outline what is needed for an EVA system and how to use this system successfully, identifying common pitfalls and how to overcome them.
Earned Value Analysis
Baldwin, Andrew (editor) / Bordoli, David (editor)
2014-04-14
13 pages
Article/Chapter (Book)
Electronic Resource
English
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