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PMI Scheduling Professional · PMI
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- Earned Value (EV) represents the authorized budget assigned to the work that has actually been completed at a given measurement point. It is the 'value' of work done. Combined with Planned Value (PV) and Actual Cost (AC), EV enables objective schedule and cost performance measurement. Schedule Variance (SV = EV - PV) and Schedule Performance Index (SPI = EV/PV) use EV to assess schedule performance.