https://www.youtube.com/watch?

v=z7b3SYQuqJM

Over budget and behind the schedule

PV planned value - original baseline.
EV earned value what was actually done at this point of time of our project,
what works actually done and how much it cost.( original 400$, 3days but
completed only 33% ie, 1 day
So EV = 400)
AC what actually cost
CPI = Earned value / Actual cost
Schudle SPI = completed 1 day = 400@ / Remaining 2 days work cost of 800
Eastimate at completion = Budget at completion / CPI
Schedule at complete = Original date to complete / SPI
Cost varience =EV AC
Scheuld varience = EV PV
Cost perf indicate = EV/AC COST ALWAYS AC
Schedule Perf indcater = EV/PV always PV
Estimate at completion = xxx/ PI

https://www.youtube.com/watch?v=XhAxNoTCePA
Earned value total project preformance
Time

budget

Scope

Exact
+

Exact
-

Exact
?

Do you need
earned value?
No need
Project is
delivery early,
under budget.
Ahead of time,
over budget

good
Good. What
about the
scope ?
+
+
?
Delivering the
exact scope is
good. May be
added extra
member in
team
+
Behind
Bad. No need
schedule, over
earn value
budget
required.
?
Behind
We dont know.
schedule,
Project member
under budget
is not available
Except these two items, we need earn value to give project performance.