Earned Value Analysis Flashcards
1
Q
EARNED VALUE ANALYSIS
A
check if a project is on track with its schedule and budget.
compares the value of work done(earned value) to what was planned (planned value) and what was spent (actual cost).
Planned Value(PV): budget for schedule work
Earned Value(EV): budgeted cost for completed work
Actual Cost(AC): Total cost incurred
