What is Earned Value (EV)?

Earned Value (EV) is a metric used in project management to assess the amount of work performed in monetary terms or in units of cost. It reflects the cost of the work actually completed at a specific point in time, allowing for comparison between planned and actual performance.

For example, if a project was supposed to spend 100,000 rubles on a certain phase, and 50% of the work has been completed, then EV would be 50,000 rubles. This helps evaluate how the project is progressing relative to the plan and identify deviations in schedule and budget.