The earned value method is a means for evaluating the progress of a budgeted project. Originally used to evaluate U.S. federal projects, such as building railways and military contracts, it can be ...

Cost and schedule variance data are part of earned value analysis, which is a tool that small and large businesses use as an early-warning system to identify and manage problems in ongoing projects.

In this paper, we extensively review and evaluate earned value (EV)-based methods to forecast the total project duration. EV systems have been set up to deal with the complex task of controlling and ...