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the budgeted value of work actually completed i.e. the amount of money that should be invested in the completed work up to a certain point.ETC (Estimated cost of remaining work) ETC = total PV - EV completed or ETC = PV of remaining work x CPI2) Most common yardsticks: CV (Cost deviation): CV = EV - ACCV>0 (Cost saving) CV<0 (Cost overrun) SV (Schedule deviation). SV=EV-PVSV>0 (over schedule) SV<0 (behind schedule)

. The general ledger of resources allocated to each unit of the project The sub-ledger for each element of the work breakdown structure 2. All of the following statements are true What is produced by a project is usually a single product, but the product can include several subordinate parts