Is Cost Analysis in RiskyProject the same as Earned Value

General discussion and questions about project risk management and risk analysis software RiskyProject. Includes discussion on how to perform efficient project risk analysis using our software.

Moderator: Intaver Support

Post Reply
Intaver Support
Posts: 835
Joined: Wed Nov 09, 2005 9:55 am

Is Cost Analysis in RiskyProject the same as Earned Value

Post by Intaver Support » Fri Feb 21, 2014 9:51 am

When looking at total cost of project or EAC (Expected Cost at Completion), we use actual cost as part of the cost summary or start point for our forecasting. However, other than using the Actual Cost at a status date, we do not use previous performance indicators as does EV analysis as part of forecast. Instead we use either future cost/schedule uncertainty for uncompleted activities or risk events assigned to uncompleted activites in the model for cost analysis.
Intaver Support Team
Intaver Institute Inc.
Home of Project Risk Management and Project Risk Analysis software RiskyProject
www.intaver.com

Post Reply