Tuesday, January 20, 2009

Effort Variance (EV)

Effort Variance (EV)

Description
This metric gives the variation of actual effort vs. the estimated effort. This is calculated for each project Stage wise

Formula
· EV = [(Actual person hours – Estimated person hours) / Estimated person hours] * 100

Metric Representation
· Percentage

Calculated at
· Stage completion as identified in SPP

Calculated from
· Estimation sheets for estimated values in person hours, for each activity within a given stage and Actual Worked Hours values in person hours

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