How we can define Earned value performance?

Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2016/05/17

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by Asjath Rahman , Sr. Quantity Surveyor & Operation Dept , Al Sawari Bright Light Sub of Al Sawari Holding

Planned Value (PV) = The budgeted amount through the current reporting period.
Actual Cost (AC) = Actual costs to date.
Earned Value (EV) = Total project budget multiplied by the % complete of the project.

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