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The Standard for Earned Value Management
book

The Standard for Earned Value Management

by Project Management Institute
December 2019
Intermediate to advanced content levelIntermediate to advanced
150 pages
5h 48m
English
Project Management Institute
Content preview from The Standard for Earned Value Management
58 Section 3
 Planning packages that delineate the scope, schedule, and budget (incrementally, cumulative to date, and at
completion) for specific future tasks within the control account; and
 Estimates to complete, which should be time phased and may lead to an up-to-date representation of the total
expected funding needed (the estimate at completion [EAC]).
3.4.3 BUDGET VERSUS FUNDING
One of the key aspects of EVM is the specific terminology related to budget and funds. Budget is a work planning
element that is earned (i.e., the EV) when the corresponding work is completed. Funds (i.e., remaining funds) are
the amount of money that is available ...
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Publisher Resources

ISBN: 9781628256390