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Is Cost Analysis in RiskyProject the same as Earned Value
Posted: 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.