More Fun with Earned Value

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More Fun with Earned Value

Andrew Makar, PMP

August 31, 2005





The word "fun" and "earned value" are rarely, if ever, used together. The last time I heard about a "fun" math calculation was when my fifth grade teacher tried to motivate us to solve story problems. I never really cared to know when two trains, traveling toward each other at 20 meters per second and 6,000 meters apart, would collide. Okay. The answer is 2.5 minutes, but how does this apply to earned value?

 

Determining a project's earned value is a story problem (without the colliding trains, although some projects fit this analogy):

 

Joe is managing a small $35,905 J2EE software project that is planned to last 64 days.



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"Every child is born blessed with a vivid imagination. But just as muscles grow flabby with disuse, so the bright imagination of a child pales in later years if he ceases to exercise it."
- Walt Disney