Project performance measurement by earned value methodology using MS Project

The importance of effective project management has always been taken into full account. So towards achievement the goal of project success, managers intend to monitor and control projects in terms of cost and schedule. Accordingly, utilizing efficient tools to obtain a methodology for analyzing and measuring the effectiveness of projects can be a beneficial strategy to acquire the purpose which is reducing the gap between actual and scheduled datum. Consequently, Earned value management, which is a practical way to track the progress in projects, is recommended. It considers cost and time of the project to evaluate the performance, by checking the scheduled items in comparison with the actual ones. It also certifies whether our project is on schedule and on budget. This project presents a case study to evaluate the performance and progress of the project applying mentioned methodology which can find and control the delays and serious issues regarding time and cost. also the manual calculation is compared with the automatic one using Ms Project.