Earned Value Management: Definition, Formula & Examples
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Earned Value Management: Definition, Formula & Examples
Earned value management is a systematic process used by project managers to determine project performance, and forecast project completion schedules and budgets. This lesson demonstrates how to use the essential components of EVM to successfully manage a project.
21K viewsFeb 2, 2023
Budgeted Cost of Work Performed Definition
1. The below table shows budgeted cost at completion and actual cost of work performed for two work packages. Using thefollowing data, answer the following questions:Work HoursWork PackageBCACACWPPercent Complete (%)A.00440A.1023015056%A.2021013057.9%B.00645B.103707525%B.202758528.1%What is the budgeted cost of work performed for work package A?
1. The below table shows budgeted cost at completion and actual cost of work performed for two work packages. Using thefollowing data, answer the following questions:Work HoursWork PackageBCACACWPPercent Complete (%)A.00440A.1023015056%A.2021013057.9%B.00645B.103707525%B.202758528.1%What is the budgeted cost of work performed for work package A?
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