Earned Value Definitions
Earned Value (EV)

What is Earned Value (EV)? Earned Value Management explained.

Mia Rutherford
Mia Rutherford
June 11, 2023
5 min read

Earned Value (EV) represents the value of work actually completed up to a specific date or milestone. It is determined by multiplying the budgeted cost of work performed (BCWP) by the percentage of work completed. EV provides an objective measure of the value generated by the project and is used to assess schedule and cost performance.

Calculation: EV = BCWP x % of work completed

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