
8 Section 1
Table 1-2. Earned Value Calculations Summary Table (Source: PMBOK
®
Guide – Sixth Edition)
Earned Value Analysis
Lexicon Definition How Used EquationAbbreviation Name Interpretation of Result
The authorized budget assigned to
scheduled work.
The measure of work performed
expressed in terms of the budget
authorized for that work.
The realized cost incurred for the
work performed on an activity during
a specific time period.
The sum of all budgets established
for the work to be performed.
The amount of budget deficit or
surplus at a given point in time,
expressed as the difference between
the earned value and the actual cost.
The amount by ...