An earned value analysis (EVA) is a tool that measures the project performance in terms of scope, schedule, and cost. It compares the planned value (PV), the earned value (EV), and the actual cost (AC) of the project work to determine the variances and the indexes. By conducting an EVA, the project manager can identify the root causes of the project delay and cost overrun, and take corrective actions accordingly. An EVA can also help the project manager communicate the project status and progress to the stakeholders more effectively and objectively. References: (Professional in Business Analysis Reference Materials source and documents)
* PMBOK Guide, 6th edition, Chapter 7, Section 7.4.2.1
* PMP Exam Content Outline, June 2019, Domain III, Task 8
* PMP Sample Test Questions, Question 2