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What is the earned Value (EV)?

If the schedule Variance (SV) = $55, and the Planned Value (PV) = $11, What is the earned Value (EV)?

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A.
$0.2

B.
$5

C.
$44

D.
$66

Explanation:
Earned Value (EV)

This is also referred to as Budgeted Cost of Work Performed (BCWP). Earned Value (EV) or BCWP is the total cost of the work completed/performed as of a reproting date.
This is calculated as:

EV or BCWP = Baselined Cost * % Complete Actual

Schedule Variance SV = EV – PV


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