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.