Earned Value (EV) in Zoho Projects is the portion of the project budget that corresponds to the work actually completed by a specific date. It translates physical progress into financial terms using the original budget, not actual costs. EV answers the question: what is the budget value of what we have finished?
EV = % of project complete × total budget. If 40% of the project work is done and the total budget is Rs 10 lakh, EV is Rs 4 lakh, regardless of how much was actually spent. Zoho Projects calculates this from task completion percentages and their associated budgets.
Comparing EV to Actual Cost (AC) reveals cost efficiency. If EV is Rs 4 lakh but AC is Rs 5 lakh, the project is over budget for the work done. The ratio EV/AC is the Cost Performance Index (CPI), a key EVM health indicator.
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