The completion value
within a work package can be
determined using the milestone technique if
the work package lasts several months, if defined results
(milestones) are available within it, and if these can be valuated
with costs. The completion value of
the milestone is added to
the previous completion value only
after the milestone has been
completed. An example: A work package with a total completion value of
200 is defined in three milestones with the values M1=50, M2=90 and
M3=60. For M1, two periods are assumed for completion, for M2 and
M3 one period each. Thus, after two periods, M1 is completed and
the earned value of the entire work package is 50. After period
three, M2 is completed with the value 90. The cumulative earned
value is now 140 (=50+90). When the fourth period is completed with
M3=60, the work package is complete, the cumulative earned value
200 (=50+90+60), and thus the final value, is reached. (Source:
GPM, Mehrmann/Wirtz)