Introduction to Earned Value Management

Once you have viewed the video, click here to try this easy question:
Earned Value (EV) is:

A) The amount of money that we make at the end of a given period.
B) How much the customer is ready to pay for a service.
C) The estimated cost for the work really done by the current period.
D) …hmmm let me go back and review the video again… 😉

Do you think you know the answer? Check it here:
The right answer of course is: C (Earned Value (EV) is also known as the Budgeted Cost of the Work Performed) .

EV is the value (in terms of estimated cost) which was given, in the cost baseline, to the work which we have currently really done.

Good! Time to move on to the next assignment!