EVM 3: Cost Analysis

Cost analysis is basically determining progress in terms of the amount of work completed (EV-Earned Value) vs. what was paid to get the work done (AC-Actual Cost) So in our previous film example, we know that the EV was $40,000 and the AC was $80,000. The formula for the Cost Performance Index (CPI) is EV/AC […]

EVM 2: Schedule Analysis

Performing Schedule Analysis is the next part of the EVM we’ll cover with a brief overview using our indy film example. Schedule analysis is comparing the amount of work completed vs. the amount of work which should have been done. It includes calculating the Schedule Performance Index (SPI) and the Schedule Variance (SV). From EVM […]