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Earned Value Management


Earned value is a project management technique that relates resource planning to schedules and to technical cost and schedule requirements.


KPIs in ‘Earned Value Management’

Budgeted Cost of Work Scheduled (BCWS)

The budgets of the activities that are planned or scheduled to be completed. Another term for BCWP is “planned value”.
This KPI is most used for:
Cost Leadership

Actual Cost of Work Performed (ACWP)

The sum of actual costs of activities that are completed.
This KPI is most used for:
Cost Leadership

Schedule Variance (SV)

Earned Value minus the planned budget for the completed work (BCWP-BCWS).
This KPI is most used for:
Cost Leadership

Cost Performance Index (CPI)

Earned Value divided by the actual cost (BCWP/ACWP).
This KPI is most used for:
Cost Leadership
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