CV 3000,EV 5000 and what is AC?
would any body demostrate how to find the missing three important elements of the EVM
PMNovice
Tue, 05/22/2012 - 01:42
Permalink
AC stands for Actual cost, this is the actual money you have spent so far on the project.
Cost Variance,CV = EV(Earned Value) - AC
After putting your values in above formula:
3000 = 5000 - AC
So AC = 5000 - 3000 = 2000
PMNovice
Tue, 05/22/2012 - 01:42
Permalink
AC stands for Actual cost,
AC stands for Actual cost, this is the actual money you have spent so far on the project.
Cost Variance,CV = EV(Earned Value) - AC
After putting your values in above formula:
3000 = 5000 - AC
So AC = 5000 - 3000 = 2000