What is Earned Value Analysis in SAP SRD-PRO - PRO-Projects?

SAP Term: Earned Value Analysis

• Component: SRD-PRO

• Component Name: PRO-Projects

• Description: Earned Value Analysis EVA is a common standard method in project management to enable an accurate valuation of the progress of a project in terms of scope, schedule, and costs. Available as a Report in the Project Management work center.

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• Key Concepts: 
  Earned Value Analysis (EVA) is a project management tool used to measure the progress of a project. It is used to compare the planned value of a project with the actual value of the project. EVA is part of the SAP SRD-PRO PRO-Projects component, which provides a comprehensive set of tools for managing projects. 
  
  How to use it: 
  EVA is used to measure the progress of a project by comparing the planned value of a project with the actual value of the project. The planned value is determined by the budget allocated for the project, while the actual value is determined by the amount of work completed. EVA can be used to identify any discrepancies between the planned and actual values, and can be used to adjust the budget or timeline accordingly. 
  
  Tips & Tricks: 
  When using EVA, it is important to ensure that all data is accurate and up-to-date. This will ensure that any discrepancies between the planned and actual values are identified quickly and accurately. Additionally, it is important to regularly review and update the budget and timeline as needed. 
  
  Related Information: 
  EVA is part of SAP SRD-PRO PRO-Projects, which provides a comprehensive set of tools for managing projects. Additionally, EVA can be used in conjunction with other project management tools such as Gantt charts and PERT diagrams.