In this method, the earned value results from the ratio of a unit of measure to
the planned total quantity. The unit of measure is valued at the
corresponding planned costs. This procedure assumes that there is
atimeplan that refers to
parameters or quantities and that measurable or countable results
occur within the time frame of the work
package (e.g. produced parts with the same value). The completed
value is determined from the quantities already produced. If, for
example, a work package consists
of 50 quantity units with the unit value 10, the total value of the
parts is 500. These quantity units are to be produced in three
periods of 10, 15 and 25 parts each. Thus, after the first period,
10 parts have been produced, and the completion value is
100 (10 units of measure multiplied by the unit value 10). To these
10 parts, 15 more units of measure are added after the second
period, so that the completion value
increases to 250. The total value 500 is reached with the
completion of the last 25 quantity units, the work package is
completed. (Source: GPM, Mehrmann/Wirtz)