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Business Exam Prep · Thursday · 3 min

CAPM Exam Prep 42, Earned Value Management — PV, EV, AC

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Planned Value (PV) represents the authorized budget for work that is *scheduled* to be completed. - Earned Value (EV) is the value of the work that has been *actually* completed, measured against the budget. - Actual Cost (AC) is the real amount of money that has been spent to complete the work. - A primary exam trap is confusing PV (based on the schedule) with EV (based on actual completion). - Project status is determined by comparing these values: if EV is greater than PV, the project is ahead of schedule; if EV is less than AC, it is over budget. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:
- Planned Value (PV) represents the authorized budget for work that is *scheduled* to be completed.
- Earned Value (EV) is the value of the work that has been *actually* completed, measured against the budget.
- Actual Cost (AC) is the real amount of money that has been spent to complete the work.
- A primary exam trap is confusing PV (based on the schedule) with EV (based on actual completion).
- Project status is determined by comparing these values: if EV is greater than PV, the project is ahead of schedule; if EV is less than AC, it is over budget.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep

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