Which of the following are typical Earned Value Management (EVM) data elements?

The elements listed in the correct choice—Planned Value (PV), Earned Value (EV), Actual Cost (AC), Budget at Completion (BAC), Estimate at Completion (EAC), Schedule Performance Index (SPI), and Cost Performance Index (CPI)—are fundamental components of Earned Value Management.

Each of these elements plays a critical role in assessing project performance and forecasting future outcomes.

• Planned Value refers to the budgeted cost of work scheduled by a specific time. It helps in setting the baseline for performance measurement.

• Earned Value indicates the budgeted amount for the work actually completed by a specific time, allowing for a comparison of planned progress versus actual progress.

• Actual Cost captures the costs incurred for the work performed, providing insight into spending against the budget.

• Budget at Completion represents the total budget allocated for the project, serving as a key reference point for measuring performance.

• Estimate at Completion provides a forecast of the total costs at the project’s end based on performance to date, giving project managers an idea of future financial outlook.

• Schedule Performance Index is a ratio that indicates how efficiently the project is adhering to its schedule, while the Cost Performance Index indicates cost efficiency.

These metrics are integral to effectively managing project performance