Earned Value – What is it?

Earned Value Earned value (EV) is one of the most sophisticated and accurate methods for measuring and controlling project schedules and budgets. EV has been used extensively in large projects, especially in government projects. PMI is a strong supporter of the EV approach because of its ability to accurately monitor the schedule and cost variances for complex projects. Although it is sophisticated, EV can be scaled to be appropriate for any size of project. The key is in the project planning. There are three primary advantages of using EV: Accuracy in reporting Ability to deal with the uneven rate of project expenditures and work The early warning it provides project… Read More

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