The infrastructure sector plays an important role in the growth and development of every nation¿s Economy. So, managing these kinds of large technical projects is a challenge to professional engineers. In spite of all the challenges it is very crucial to improve performance of a project with respect to time and schedule. Here comes the need of EVA which is a management tool and helps to resolve the problems and complete the project efficiently. Earned value analysis is an early warning project management tool that will help managers to identify and control problems before they become unconquerable. Successful project managers demand EVA so that their project meets the technical objectives of the project as well as it is completed on schedule. EVA is an important tool in analysing the performance of any construction projects. It measures the project progress and helps in identifying the critical activities thereby bringing the activities on schedule. EVA analysis can be carried out manually but software implementation is preferred for complex and mega constructions. MSP software can be used for effective project management for carrying out EVA analysis.