An earned value analysis is the analysis that captures the project's performance by examining schedule and budget in monetary terms over time.
An earned value analysis refers to a method that allows the project manager to measure the amount of work actually performed on a project beyond the basic review of cost and schedule reports.
The analysis provides a method that permits the project to be measured by progress achieved. With this, the project manager is able, by using the progress measured, to forecast a project’s total cost and date of completion, based on trend analysis or application of the project’s burn rate.
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