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E › Earned Value (EV)

COV ITRM Glossary

Earned Value (EV)

Definition

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. Also referred to as the budgeted cost of work performed (BCWP).


Reference:

PMBOK


See Also:

Budgeted Cost of Work Performed (BCWP)

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