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Project Management & Agile · Foundational

Earned Value (EV)

The measure of work performed expressed in terms of the budget authorized for that work.

Definition

EV = percent complete x BAC (or sum of budgets of completed work). It is the key EVM measure and appears in every variance and index formula.

Example

30% of a $100k project complete: EV = $30k regardless of what was spent.

Exam tip

EV is also called budgeted cost of work performed (BCWP).

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