1) Earned value analysis is a technique used to measure project performance and forecast completion costs and dates. It compares planned, actual, and earned values. 2) The document describes a case study of applying earned value analysis to a bridge construction project in India. It involved constructing two flyovers over five phases with a budget of 25 crores. 3) Earned value analysis of the project schedule identified that the project was behind schedule, so activities were crashed to shorten the duration. When actual costs were higher than planned, activities were smoothed to reduce costs by extending durations and optimizing resources.