Earned Value measurement using MS Project

1. Create a project by listing the activities (WBS), enter durations, define dependencies along with appropriate leads and lags etc.
2. Define resources with Standard Rate in Resource Sheet. Assign value $1 if resource costs are not to be shared
3. Assign resources to each activities.
4. Baseline the Project to get BAC i.e., baseline cost/Budget At complete/total project cost
5. During tracking stage, as you update the progress values (update Actual Start, Actual Finish, Remaining work values instead of updating %complete value)
6. In order to examine the EVM values, refer View --> Table --> More Tables --> Earned Value / Earned Value with Cost Indicators / Earned Value with Schedule Indicators tables by setting the Status Date (Project --> Project Information --> Status Date)