Earned Value Metrics

Earned Value Metrics are tools used to measure a project's progress by comparing planned work, actual work completed, and costs. Key metrics include Planned Value (budgeted work schedule), Earned Value (value of work actually done), and Actual Cost (money spent). These help project managers assess if the project is on track, ahead, or behind schedule and budget. By analyzing these figures, teams can make informed decisions to stay or get back on track, ensuring the project meets its goals efficiently.