What are the 3 Earned Value methods?
The three primary earned value (EV) methods—classified by how work effort is defined and measured in project management—are Discrete Effort, Apportioned Effort, and Level of Effort (LOE).
📊 1. Discrete Effort
- Directly measurable work yielding a specific, tangible output or product.
- Tied to distinct milestones or deliverables.
- Common sub-methods include:
- Fixed Formula: Credits a set % at start/finish (e.g., 50/50 or 0/100 rule).
- Weighted Milestones: Divides work into intermediate sub-milestones.
- Percent Complete: Periodically estimates physical completion percentage.
📉 2. Apportioned Effort
- Supportive work whose performance is directly tied to a discrete activity.
- Scales automatically based on the progress of the related base task.
- Common example: Quality assurance or inspection tasks tied to a manufacturing run.
📌 3. Level of Effort (LOE)
- Support or management activities that do not yield a definitive final product.
- Consumed strictly across a passage of time rather than physical output.
- Common example: Project management, coordination, or general supervision.
- Earned value equals planned value over time by default.