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The 50/50 Rule is a progress technique for how to determine the earned value (EV). A work package's progress technique determines how earned value is calculated. Earned value measures the performance of a work package. The 50/50 rule assigns 50% of the value at the start and 50% when complete.Feb 5, 2021

Projects should be measured on five specific dimensions: efficiency, customer, business-now, business-future, and team success. From these dimensions, business measures, customer measures, and process measures should form the basis for creating various metrics to measure the project manager.Sep 6, 2017

A program is a group of projects that are similar or related to one another, and which are often managed and coordinated as a group instead of independently. A portfolio is a group of different programs and/or projects within the same organization, which may be related or unrelated to one another.Jan 27, 2020

Progressive elaboration is the opposite of rolling wave planning. ... Rolling wave planning is a form of progressive elaboration where details are planned for work closer to the present time. Details for future work is planned out only at a high level. Progressive elaboration is not detailed or accurate.

• The formula to calculate earned value is the project budget multiplied by the percentage of work completed up until the date in question. For example, consider a project with a budget of $30,000 and 200 work hours. After the employees have completed 100 work hours, the earned value is $30,000 multiplied by 0.5, or $15,000.

• Earned Value (EV): % complete x BAC. That is percent complete from progress measurement multiplied by the budget at completion. Additionally,one can ...
• Planned Value (PV): The authorized budget assigned to scheduled work– usually at the control account level.
• Cost Variance (CV): EV – AC. AC stands for actual cost.
• Schedule Variance (SV): Calculated as EV – PV.
• Schedule Performance Index (SPI): Calculated as EV/PV.
• Cost Performance Index (CPI): Calculated as EV/AC.
• Variance at Completion (VAC): BAC – EAC. This is Budget at Completion minus EAC Estimate at completion.

• Earned value management (EVM) is a powerful methodology that gives executives, project managers, and other stakeholders the ability to visualize project status throughout the project life cycle and consequently manage projects, programs, and portfolios more effectively.

What is Earned Value Analysis? Earned Value Analysis (EVA) is a method that allows the project manager to measure the amount of work actually performed on a project beyond the basic review of cost and schedule reports. EVA provides a method that permits the project to be measured by progress achieved.

Earned value analysis is the project management tool that is used to measure project progress. It compares the actual work completed at any time to the original budget and schedule. It forecasts the final budget and schedule and analyzes the path to get there. It gives you the essential early warning signal that things are going awry.

Oftentimes the term “earned value” is defined as the “budgeted cost of worked performed” or BCWP. This budgeted cost of work performed measure enables the project manager to compute performance indices or burn rates for cost and schedule performance, which provides information on how well the project is doing...

Earned Value Management is a comprehensive yet not over-sophisticated methodology that allows project managers to measure and monitor the performance of a project. Thereby, the Earned Value Analysis focuses on the measurement of cost and value.