IT Project Earned Value
2 July 2021
IT Project Earned Value (IT EV) measures the extent to which projects are making the desired progress. It allows companies to understand how much work has been completed as well as the costs of the work, both in relation to the project expectations.
EV = % complete x BCWP
Where BCWP is the Budgeted Cost of Work Performed = the total budgeted costs for labour and resources for the project.
Performance Level = (ACWC / EV) x 100
Where ACWC is the Actual Cost of Work Scheduled or the total amount in labour and resources that has been spent on the project to date.
Related Articles
The 7 Most Successful Business Models Of The Digital Era
The first two decades of this century are characterized by digital entrepreneurs upending traditional business models in search of new ways of creating revenue and serving customers.[...]
Unleashing the Power Of AI: 14 More Mind-Blowing Tools Beyond ChatGPT
AI is still the hottest topic in tech due to the massive success of ChatGPT, now thought to have the fastest-growing user base of any application in history.[...]
The Top 4 Examples Of How ChatGPT Can Be Used In Telecom
The telecom industry has experienced a lot of change and challenges in recent years, and with that comes a need for more efficient and effective communication systems.[...]
ChatGPT: What Are Hallucinations And Why Are They A Problem For AI Systems
In recent years, the rapid development of artificial intelligence (AI) has led to the rise of sophisticated language models, with OpenAI's ChatGPT at the forefront[...]
Top 10 Use Cases For ChatGPT In The Banking Industry
Banks have often been at the forefront of adopting cutting-edge technology to provide better customer service and meet compliance requirements.[...]
The 7 Best Examples Of How ChatGPT Can Be Used In Human Resources (HR)
Human Resources (HR) departments play a critical role in managing an organization's most valuable asset — its people.[...]
Stay up-to-date
- Get updates straight to your inbox
- Join my 1 million newsletter subscribers
- Never miss any new content
Social Media