A measure of the cost of work performed up to the status date or the current date. It uses baseline cost values and actual work to date to show if the actual costs incurred are on budget. It indicates how much of the baseline cost should have been spent,
'SOURCE; microsoft project glossary-projectlearning.net
1. A method for measuring project performance. it compares the amount of work that was planned with what was actually accomplished to determine if cost and schedule progress is as planned. See also Actual Cost of Work Performed, Budgeted Cost of Work Scheduled, Budgeted Cost of Work Performed, Cost Variance, Cost Performance Index, Schedule Variance, and Schedule Performance Index.2. The Budgeted Cost of Work Performed for an activity or group of activities.
A cost control that allows you to quantify the overall progress of the project in monetary terms. Earned value is calculated by applying a performance measurement factor to the planned cost.
See also: Budgeted Cost of Work Performed (BCWP).
Earned Value Jobs