Earned Value is one of the most useful concepts in all of PM. Everyone wants to know how much the project will cost. This chapter tells you how to figure out the final cost.
And, you will know it after only 20% of the way through the project.
We work our way slowly through a very simple example that uses all the concepts and explains how to estimate the final cost: the Cost Estimate At Completion (CEAC).
After we cover the simple example, we can now formally define all of the quantities.
We Also explain, with example, important advanced analytical concepts, such as the TCPI, which shows how badly you are doing. By the way, your customer knows this too.