Matching
Earned Value Analysis takes into consideration three measures and questions a project manager asks:
-Planned Value (PV)
A) Actual spend to date. How much did we spend to complete the work?
B) Budgeted cost of work completed at specific point in the schedule. How much work have we actually completed?
C) What ought to have been spent at a specific point in the schedule according to the budget. How much work did we plan to complete?

Question

Quizplus · Accepted Answer

Planned Value (PV) is the budgeted cost of work that was planned to be completed by a specific point in the schedule. It represents what ought to have been spent according to the project's budget, answering the question, "How much work did we plan to complete?"

Matching Earned Value Analysis Takes into Consideration Three Measures and Questions