📚 Project Vocabulary: Earned Value Analysis (EVA) 📊

📚 Project Vocabulary: Earned Value Analysis (EVA) 📊

Definition: A method used to measure project performance and progress by comparing the planned work to the actual work completed and the actual costs incurred.

Example: In a large-scale engineering project, the project manager would use EVA to track key metrics like Schedule Variance (SV) and Cost Variance (CV) to identify deviations from the plan and take corrective actions.

Earned Value Analysis is like a project’s fitness tracker, measuring the health and progress of the project against its planned goals. 📈💪

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