Planned Value (PV), Earned Value (EV) & Actual Cost (AC) in Project Cost Management
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Planned Value (PV), Earned Value (EV) & Actual Cost (AC) in Project Cost Management

I have discussed earned value management in detail and provided a short explanation of its three elements: Planned Value (PV), Actual Cost (AC), and Earned Value (EV).

Now we are going to look at these elements in detail, including mathematical calculations. Therefore, I request you to go through every step thoroughly; missing any step will make further calculations difficult to solve .

The calculations for finding Planned Value, Earned Value, and Actual Cost are simple, and once you understand them, the rest will be easy. Although I am going to explain them thoroughly, I suggest you obtain a good PMP exam reference book for further reading and practice questions.