Practice Standard for Earned Value Management, 2nd Edition

CHAPTER 9

ANALYZE PROJECT PERFORMANCE

9.1 Introduction

Analyze Project Performance is the process of comparing actual project cost and schedule performance to the performance measurement baseline for the purposes of analyzing the current status of a project. The primary purpose of EVM is to provide management with a rigorous and complete understanding of the project's cost and schedule performance, and a rational forecast of an anticipated end state for each. This understanding is essential for making good decisions while analyzing the project, exploring opportunities, and mitigating undesired variances. Another purpose of EVM data is to allow for early indication of expected final costs and schedule completion. This analysis provides a prediction ...