Posted by: Mohamed Elashri on: June 30, 2008
Earned Value Management (EVM)
The earned value Management involves developing these key values for each schedule activity, work package, or control account:
Planned value (PV). PV is the budgeted cost for the work scheduled to be completed on an activity or WBS component up to a given point in time.
Earned value (EV). EV is the budgeted amount [...]
