Discrete Effort, Apportioned Effort and Level of Effort (LOE) are the 3 types of activities used in Earned Value Management (EVM) to measure work performance. This is an area that is not well understood or explained in project management references. The purpose of this post is to distill all the information that you need to know on these topics for the PMP and CAPM exams, and present it in a simplified manner.
By Harwinder Singh On Sunday, April 17, 2016 -
What's the difference between Planned Value (PV) and Earned Value (EV) in Earned Value Management (EVM)? This is one of the most frequently asked question by people when they first come across the EVM concepts. I got this question in the email (not for the first time though), and my first instinct was to direct the sender to one of my blog posts. When I tried to look for the post, I was really surprised to know that though I have several posts on advanced EVM concepts such as ETC, EAC, TCPI etc., I don't have any post on the most important EVM topic - PV vs EV. Better late than never, this is my attempt to cover this topic. We'll also add Actual Cost (AC) to the mix, though most people don't have problem understanding AC. As usual, we'll learn by examples and exercises.CAPM Commonly Confused Concepts Earned Value Management (EVM) Formulas PMP Sample Questions Study Notes