What is Earned Value Management? Example Formulas | EV, PV, SV, CV, AC

[@franmamone]

how did you get 145k for actual cost?

[@esthercortes7280]

how you calculate the 145

[@ojokayode8125]

How did you get the planned value figure

[@engrasgharbadshah9247]

Then what is the difference between earned value and actual cost? Here earned value comes out to be 140k $, which is the amount spent so far in project, so it also becomes our actual cost, so did you assume actual value as 145k $? I have figured out this issue in some other numerical as well.

[@The_channel_of_channels]

Earned value equals the value that was created by the projet at a specific point in time as for the actual cost it is what it cost you to get that earned value. In other words, if cost are above the earned value, it means that it cost you more than expected to create that value.

[@esmatsahebdil7499]

I wonder how this great explanation got no comments. It got only 98 likes. Your explanation, visuals, and everything are worth a lot! Keep up the good work.

[@westoncorpengineeringindus4506]

I almost " hit the bell buton". Great

[@nimala363]

How do calculate AC?

[@kalabhussain]

Amazing and simple.....cheers man !!!!!!

[@eh8092]

Excellent tutorial. 🤠

[@siyamthandakleinbooi3537]

Thank you :)

[@jawadelkhoury4877]

Actual Cost is always given. You do not calculate it.

[@westoncorpengineeringindus4506]

Comprehensive and good explanation