EARNED VALUE ANALYSIS IN RESIDENTIAL BUILDING

This paper provides the reader insight into the full value that can be gained when Earned Value is deployed to report project performance. A four-phase framework is offered as a lens through which to apply and interpret earned value data in a meaningful and informative manner. The paper briefly discusses the origins of Earned Value, the purpose and over of the key formulae, and then discusses the four-phase framework: 1) identify what’s important, 2) create a reporting schedule, 3) create actionable results, and 4) create a culture of accountability through reporting. Finally, some of the primary limitations of earned value are surveyed.