A GENTLE INTRODUCTION TO EARNED VALUE ANALYSIS

Every country whether in the developing stage or already developed stage has the need for infrastructure development to further the economic, social, technical growth of the country. All infrastructure projects require 4 important ‘M’ those are Men, Machine, Money and Material. And to complete the project in the estimated amount we have to implement project control & monitoring system to track the progress of the project. Here we are using variance analysis for cost, schedule and time control to check the progress of the project with respect to baseline of the project. Earned Value Analysis (EVA) is a project performance evaluation technique which has been adapted for application in project management. The technique helps in comparison of budgeted cost of work to actual cost.