Question: Topic: EV vs. PV How does Earned Value (EV) differ from Planned Value (PV)? Suppose you have a scheduled project activity with a total duration

Topic: EV vs. PV

How does Earned Value (EV) differ from Planned Value (PV)? Suppose you have a scheduled project activity with a total duration of 12 weeks and an activity budget of $1,200. Suppose also the EV accrual rule is fixed formula, in this case, 50/50. What is EV one hour after the activity starts? At the 50% completion point? When the activity completes?

Suppose now the EV accrual rule is weighted milestones. Four equally-valued milestones have been created. What is EV when one milestone is complete? When three milestones are complete? When three and one-half milestones are complete?

Suppose now the EV accrual rule is percent complete with gates. Four equally-valued milestones have been created. What is EV when one milestone is complete? When three milestones are complete? When three and one-half milestones are complete?

Project management

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