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Planned Value is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or a work breakdown structure component Earned Value is the value of completed work expressed in terms of the approved budget assigned to that work for a schedule activity or work breakdown structure component.

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Q: What the difference between planned value and earned value?
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Related questions

What the difference between actual value and earned value?

The difference between the Actual Value & Earned Value is the Project Cost Variance


Is the ratio of earned value to planned value?

The Ratio of Earned Value to Planned Value is called the Schedule Performance Index. SPI = EV/PV


What is the difference between shared and learned value?

A shared value is a something that is told to you. A learned value is something that you have earned.


What does SPI stand for?

Schedule performance index (SPI) - Earned value represents the portion of work completed in terms of cost, and planned value represents how much work was planned by this point in time in terms of cost. So, the SPI indicates how the performed work compared to the planned work. This is a measure of the schedule efficiency of a project calculated by dividing earned value (EV) by planned value (PV), as shown in the formula here: SPI = EV / PV


What is the difference between the place value and face value of 9 in 309812?

the DIFFERENCE between the place value and the face value is 991


Enables the Government to see how much work was planned to be done compared to how much work was actually done?

Earned Value Management (EVM)


What is the difference between ethical value and value?

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What is difference between Earned Value and VOWD?

Earned value is the physical percent complete x the approved budget. Value of work done is the percent complete x the estimate at completion. VOWD is used as an accrual mechanism which is dependent on the forecast - thus the figure will be adjusted upon receiving an invoice/actual being realised, earned value is a physical percent complete represented in terms of the budget applied universally and is absolute.


What is SPI in project management?

SPI stands for Schedule Performance Index. SPI is a measure of the schedule efficiency of a project calculated by dividing earned value (EV) by planned value (PV).


The difference between what the workers produce and what they earn is surplus value?

Surplus value is the difference between the value that workers produce and what they are paid in wages.


What difference value between K and Ct?

the same as the difference between ct and k


What is the difference between 0.3 and 0.30?

There is no difference because they are of equal value