- a methodology that measures project progress by comparing actual schedule and cost performance against planned performance as laid out in the schedule and cost baseline.
Variables in EVM:
- EMV involves calculating three independent variables to assess and monitor project cost and schedule performance progress. Those variables are:
- Planned Value (PV)
- Earned Value (EV)
- Actual Cost (AC) - These 3 variables are used to provide measures of whether or not work is being accomplished as planned and to forecast project cost at completion.
1 comment:
Thanks for the insight on this topic. It is important to understand these aspects in order to pass pmp exam
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