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Overview | Example | Step 1 |
Step 2 | Step 3 | Step 4 | Step 5 |
Earned Value Analysis - Example (Hands On)
Step 1: Create project plan
Let’s say, I have a project plan called “Baselineproject”. This project contains just two tasks called “User Interface” and “Database design”
Create the project plan with following scenario or similar. (Please note, it is not required to save this plan to the server to demonstrate the example. You can perform all the steps of this example locally on your project plan.)
- Estimated total duration to complete project: 10 days
- Sam and Tom are the resources working on this project
- Sam’s hourly rate is $12 per hour; Tom’s hourly rate is $8
- Estimated work: 160 hours (80 hours for User Interface task; 80 hours for Database design task)
- Sam will be working on User Interface task; Tam will be working on Database design task
- Sam and Tam will work max. 8 hours per day
- Both tasks will be start on 2/2/2009 and end on 2/13/2009
Fig: Resource Sheet
Fig: Gantt Chart
Note: Please insert the required columns as above on your Gantt chart to verify the above values.
Please proceed to Step 2
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