Earned Value and schedule - 1

• Earned Value

  • Is a cost control technique

    • That tells you what you got for what you spent
  • In other words

    • The value of completed work to date expressed in terms of the budget assigned to the work

• It depends on four inputs

  • A schedule of activities logically arranged over time
  • The project budget distributed across those activities
  • An assessment of the progress of each activity

    • As of a given date
  • The total amount spent to that same date

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