Earned value provides a performance measurement that tells us how much of the budget we really should have spent for the work completed so far.

Question

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Earned value is a method used in project management to track progress and measure project performance. It compares the work completed so far to the budget and schedule to determine whether the project is on track or over/under budget. Therefore, it provides an estimation of how much of the budget we really should have spent for the work completed so far.

Earned Value Provides a Performance Measurement That Tells Us How