If your client asks you to stop all work on the project today, EV tells you the

value the project has generated, considering work done to date.

Earned value formula

To get the earned value, multiply the percentage of completed work $($actual$)$

by the project's budget $($BAC$).$

$EV=\%$ complete $($actual$)x$ BAC

Let's look at some examples:

You spent $$750$ after the first month and you only completed $20\%$ of

the project.

Given:

Project duration: $4$ months

Project budget $($BAC$)$: $$4,000$

Elapsed time: $1$ month

Planned value: $$1,000$

Actual cost: $$750$

$\%$ complete $($planned$)$: $25\%$

$\%$ complete $($actual$)$: $20\%$

$EV=\%$ complete $($actual$)$ xBAC

WHAT IS THE EV $=$