Project X has 4 phases. If each phase of a project X will cost $10,000. Each phase is one month in duration. Today is the end of month 3. We have spent so far $20,000. We have completed so far: Phase one: 100% complete Phase 2: 100% complete Phase 3: 100% complete Phase 4: 50% complete. EV = = $10,000 EV = $20,000 EV = $30,000 EV = 35,000