Who's Afraid of EVA?

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Who's Afraid of EVA?

Andrew Makar, PMP

June 22, 2005





We've all heard the term somewhere in a project management class or a PMP exam preparation book: EVA, Earned Value Analysis. According to the Project Management Body of Knowledge, earned value analysis is "an objective method to measure project performance in terms of scope, time and cost."

 

In theory, these project management concepts sound great, but in actual practice we need additional guidance to apply these concepts to our projects. After all, how many of you actually draw a network diagram of your project schedule and conduct a forward and backward pass?

 

While commiserating with a group of project managers over their recent program "challenges," I conducted an informal survey of their EVA knowledge.



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