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What is the difference between planned value (PV) and earned value (EV)? Planned value is the...

  1. What is the difference between planned value (PV) and earned value (EV)?
    1. Planned value is the budget set out for the project and earned value is the expected return for the project.
    2. Planned value is the expected return for the project and earned value is the budget set out for the project.
    3. Planned value is the budget set out for the project and earned value is the value of the work completed up to a specified date in the project, based on the initial value specified for each deliverable or work package.
    4. Planned value is the value of the work completed up to a specified date in the project, based on the initial value specified for each deliverable or work package and earned value is the budget set out for the project.
    5. There is no difference – planned value and earned value are interchangeable terms.
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the difference between planned value (PV) and earned value (EV):

C)✓ Planned value is the budget set out for the project and earned value is the value of the work completed up to a specified date in the project, based on the initial value specified for each deliverable or work package.

(As the option C explains clearly the difference between planned value and earned value, therefore, other options are irrelevant and are self explanatory. )

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