How to use Earned Value Analysis to Monitor Project Progress & Budget

In this video, we’ll explore how to use Earned Value Analysis (EVA) to monitor project progress and performance effectively. Learn about key metrics like Planned Value (PV), Actual Cost (AC), Earned Value (EV), Schedule Performance Index (SPI), and Cost Performance Index (CPI). Discover how these tools can help you monitor project performance in real time, track progress, avoid costly mistakes, and ensure your project stays on time and within budget. Whether you’re a project manager or just looking to improve your skills, mastering these techniques is essential to monitor project performance and achieve project success. 📥 Download the template in the video: https://cost-engineering-professional.teachable.com/p/earned-value-management-template-758770 📺 Payment Application & Earned Value Calculation: https://youtu.be/cXgC7qtlU6Q 📥 Download my free rate analysis template: https://www.costengpro.net/rateanalysistemplate 📺 Watch how to create the template: https://youtu.be/phbOb1XQbF4 🔔 Subscribe for more tutorials and resources: https://www.costengpro.net/newsletter 💡 Take your skills further: ✅Join my Cost Estimation Course "The Ultimate Guide": https://cost-engineering-professional.teachable.com/p/construction-cost-estimation-the-ultimate-guide ✅Follow CEP on LinkedIn: https://www.linkedin.com/company/costengineeringprofessional ✅Learn how to estimate project costs: https://youtu.be/hIb36zL5CVI What we cover: 00:00 - Introduction 00:21 - Planned Value (PV) 02:26 - S-Curve 03:12 - Actual Cost (AC) 05:13 - Earned Value (EV) 07:33 - About Cost Engineering Professional 07:46 - PV vs. AC vs. EV 07:58 - Schedule Performance Index (SPI) 10:43 - How can we improve the content 11:00 - Cost Performance Index (CPI) 14:51 - Why CPI is important 15:15 - Cost at Completion (CAC) 15:32 - Cost at Completion (Assumption 1) 16:25 - Cost at Completion (Assumption 2) 17:31 - Cost to Complete (CTC) 20:50 - Cost at Completion Example 22:46 - How to improve the content 22:56 - What's next