Are you looking for a “project earned value analysis template” to help you track the progress of your projects and ensure that they are completed on time and within budget? If so, you’re in the right place. In this article, we will provide you with a free template that you can use to get started.
Before we get into the template, let’s first take a quick look at what earned value analysis is and how it can benefit your projects. Earned value analysis is a project management technique that measures the progress of a project by comparing the actual work completed to the planned work. This information can then be used to identify potential problems and take corrective action.
What is Earned Value Analysis?
Earned value analysis (EVA) is a project management technique that measures the progress of a project by comparing the actual work completed to the planned work. This information can then be used to identify potential problems and take corrective action.
EVA is based on the concept of earned value, which is the value of the work that has been completed on a project. Earned value is calculated by multiplying the percentage of work completed by the total planned cost of the project. For example, if a project has a planned cost of $100,000 and 50% of the work has been completed, then the earned value would be $50,000.
EVA can be used to track the progress of a project in a number of ways. One common method is to create an EVA chart, which plots the earned value of the project against the planned value and the actual cost. This chart can be used to identify trends in the project’s progress and to identify potential problems.
EVA can also be used to calculate a number of metrics, such as the cost variance, schedule variance, and cost performance index. These metrics can be used to assess the project’s progress and to identify areas where improvements can be made.
How to Use a Project Earned Value Analysis Template
Now that you have a basic understanding of earned value analysis, you can start using the template provided below to track the progress of your projects.
The template is divided into three sections:
- The first section contains information about the project, such as the name of the project, the start date, and the end date.
- The second section contains a table that you can use to track the progress of the project. The table includes columns for the following information:
- Task
- Planned cost
- Actual cost
- Earned value
- Cost variance
- Schedule variance
- The third section contains a chart that you can use to plot the earned value of the project against the planned value and the actual cost.
To use the template, simply fill in the information in the first section and then start tracking the progress of your project in the table. As you track the progress of the project, the chart will automatically update to show the progress of the project.
You can use the template to track the progress of any type of project. However, it is best suited for projects that are relatively complex and that have a large number of tasks.
Conclusion
Earned value analysis is a powerful project management technique that can help you track the progress of your projects and ensure that they are completed on time and within budget. By using a “project earned value analysis template”, you can easily track the progress of your projects and identify potential problems.
We hope that you find this template helpful. Please let us know if you have any questions or if you need any assistance using the template.