It is the total budget for each process up to a certain point in time. For example, suppose a project consists of 10 processes, each with a construction period of one month and a budget of $1,000, and after two months, two processes are completed with a budget of $300.
The EV in this case is $200, which is the percentage of progress (2/10) multiplied by the original budget of $1,000.
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omankoman
3 weeks, 3 days ago