Details on Cost Management Terms. Part – 9: Project Cost Management
For now, this is just a place holder post
Earned Value: The value the spent money brought to the project. Just like double entry accounting system: for every debit to an account there is a corresponding credit.
Budgeted at Completion (BAC): How much was originally planned for this project.
Planned Value (PV): Calculates how much of the project should be complete at a certain date according to the plan. Planned Value = Planned%complete*BAC
Earned Value (EV): How much is actually done during a period. EV=Actual%Complete*BAC
From: http://sitestree.com/?p=11511
Categories:PMP – Project Management
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Post Data:2017-10-17 16:23:46
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