Working with Earned Value Analysis

If you have access to the Earned Value Manager (EVM) feature, the following explains how to work with it.

Within our documentation, some content might be specific for cloud deployments while other content is relevant for on-premises deployments. Any content that applies to only one of these deployments is labeled accordingly.

Note: The instructions and information presented in the documentation is based on an out-of-the-box (OOTB) setup and before being customized by the user.

The Earned Value Analysis (EV Analysis) is an industry standard for analyzing project performance, and it can be used to track:

Progress to date
Forecast completion date
Forecast completion cost
Schedule variances
Budget variances
Performance

As a feedback tool, the EV Analysis helps you to:

Identify where the problems may occur and whether the problems are critical or not.
Determine what needs to be done to put the project back on track.

The Earned Value Analysis node (in the left Navigator, select Earned Value Manager, and then select Earned Value Analysis) is based on the project schedule data (activities and assignments) and company rates (resources and roles) imported from P6 or Oracle Primavera Cloud through integration. The Earned Value Analysis node:

Optimizes the use of cost control features.
Calculates earned value and other related measures for a project, such as planned value, actual cost, variances, performances indexes, and at completion values using rates defined in the system.
Note: EVM requires database partition tables in Oracle Database. The database partition feature is only available in Oracle Database Enterprise Edition.

Use the Earned Value Analysis Report node ((in the left Navigator, select Earned Value Manager, and then select Earned Value Analysis Report) to generate American National Standards Institute (ANSI) Reports.