Earned Value is an enhancement over traditional accounting progress measures. Earned Value goes one step further and examines actual accomplishment .
Actual accomplishment gives managers greater insight into potential risk areas.
It also provides more accurate estimates for projected completion costs. With this clearer picture, managers can now create risk mitigation plans based on the actual cost, schedule and technical progress of the work. The graphic below displays the relationship of the Earned Value data elements. Planned Accomplishment Actual Costs Actual Accomplishment Schedule Variance Cost Variance CMS is a leader in Earned Value consulting, training and software development. We have provided training and consulting to over 2,000 students from Government and industry including the Army, Air Force, Navy, Defense Logistics Ageny, Ballistic Missile Defense Organization, Lockheed Martin, McDonnell Douglas, Hughes, Raytheon and more.