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