Introduction
Project Controls is a specialized discipline focused on planning, monitoring, controlling, and forecasting project performance. One of the most powerful tools in project controls is Earned Value Analysis (EVA).
What Are Project Controls?
Project controls integrate:
- Schedule control
- Cost control
- Performance measurement
- Forecasting
The goal is to ensure projects are delivered on time, within budget, and as per scope.
Understanding Earned Value Analysis (EVA)
EVA measures project performance using three key metrics:
- Planned Value (PV)
- Earned Value (EV)
- Actual Cost (AC)
From these, indicators like CPI (Cost Performance Index) and SPI (Schedule Performance Index) are derived.
Benefits of EVA
- Early identification of delays and cost overruns
- Accurate performance measurement
- Reliable project forecasting
- Data-driven decision-making
Real-World Application
EVA is widely used in large EPC, infrastructure, and industrial projects where tight cost and schedule control is critical.
Conclusion
Effective project controls and EVA reporting enable organizations to stay proactive instead of reactive—leading to better project outcomes.
