Earned Value

[NewPM]

Hi, I'm new to applying EVM to a project and have been researching it.

My question is this: at the end of a project, will EV always equal your PV?

[jjf_1975]

Yes

EV = % Complete x BAC
therefore at the end of the project EV = 100% x BAC

BAC is the Budget At Completion (or sum of PV)

J

[NewPM]

Thank you so much!

One more question. Using change management, we will be receiving authorized increases to our budget (planned value). I am assuming that those just get incorporated into my planned value, correct?

However, when we run over on hours for a task, I can only earn up to the PV for that task -- I don't "earn" the actual hours that we have run over. Is that correct?

[ebookmania]

thanks for the reply i was also searching for that





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