Earned Value (EV)

The Earned Value (EV) is one of the project management techniques for measuring project performance in terms of the estimated deliverable, budget, and schedule of the project. An EV is a periodic, consistent, and objective measurement of work performed that is compared to the total estimated of plan (schedule progress or cost) to actual work performance (schedule progress or cost performance), and obtains an estimate for the resources that will be used at completion.

Related Definitions in the Project: The Earned Value Management (EVM): Project Controls; Project Management

Posted in Controls, Management and tagged , , , , .

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