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Earned Value Management Examples

The document provides three examples of Earned Value Management (EVM) in different power plant projects: a wind power plant with a budget of $500,000, a solar power plant with stages worth $20,000 each, and a hydroelectric power plant divided into two phases. Each example includes details about project duration, costs incurred, and work completed. The examples illustrate how EVM can be applied to assess project performance and progress.

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8 views1 page

Earned Value Management Examples

The document provides three examples of Earned Value Management (EVM) in different power plant projects: a wind power plant with a budget of $500,000, a solar power plant with stages worth $20,000 each, and a hydroelectric power plant divided into two phases. Each example includes details about project duration, costs incurred, and work completed. The examples illustrate how EVM can be applied to assess project performance and progress.

Uploaded by

neel.21bce8034
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd

Example – 1

Let’s imagine we are building a wind power plant. The project is set to be
completed in 10 months with an estimated cost of $500,000. The project has been
running for 5 months now, the team has spent $220,000 and completed an amount of
work worth $255,000.

Example – 2
For the second Earned Value Management example, we are building a solar power
plant. The project is divided into 5 stages, each worth $20,000 and estimated to
last for 1 month. 2 months have passed and 3 of the project stages have been
completed for the cost of $80,000.

Example – 3
For the third earned value management example, let’s imagine a hydroelectric power
plant. This project is divided into 2 phases, each lasting 1 year. The first phase
of the project is valued at $100,000 and the second phase at $50,000. At the
current state, 1 year of the project has passed and 90% of phase 1 has been
completed. The project team has completed work worth $80,000.

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