By Ray Myers, Jr., PMP Here are some basic rules to interpret the results of Earned Value calculations. Negative numbers for cost and schedule variance are bad Positive numbers are good CPI and SPI less than 100% are bad If you are studying for the PMP examination you may also find the following information...
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By: Ray Myers, Jr., PMP The basic elements of Earned Value Management (EVM) are: Planned Value (PV) PV is the planned, budgeted, or estimated cost for the work performed as of a reporting date.  PV is calculated by multiplying the hourly rate times the number of hours planned to accomplish the work. PV =...
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By: Ray Myers, Jr., PMP If you haven’t seen or used EVM formulas, you will at some point in your project management career and you will need to know these formulas to pass the PMP examination.  EVM stands for Earned Value Management.  Earned Value is a simple and easy to use method to quickly...
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