Earned Value (EV) helps me to control costs and schedule performance, but it does not answer the question: How much effort do I need to finish on schedule?
The Burn Rate shows how much effort is needed going forward to finish on time, and it is expressed as a percentage of remaining planned hours.
Burn Rate = [EAC – ACWP] / [BAC – BCWS]
> 1.0, it means that planned staffing is insufficient to get all the work done before the delivery date.
I have used this rate to let see my sponsor, an estimation of the deviation due to a lack of resources happened in the initial phase of a project. As numbers are so obstinates, it helps him to make decisions
🙂
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