A »Earned Value (EV) is calculated by multiplying the percentage of completed work by the total budget for that work. The formula is EV = % Complete x Budget at Completion (BAC). For example, if 80% of a task is complete and its BAC is $10,000, then EV = 0.8 x $10,000 = $8,000.

A »Earned Value (EV) in construction project management is calculated by multiplying the percentage of completed work by the project's total budget. This helps in assessing project performance and progress. For example, if a project is 30% complete and the total budget is $100,000, the EV would be $30,000. Tracking EV allows project managers to compare planned progress with actual progress, ensuring efficient resource allocation and timely completion.