To understand the concept of earned value, think about the concept of debits and credits. In a double-entry accounting system, for every debit to one account, there is a corresponding credit to another account.

I’m working on a management discussion question and need an explanation to help me study.
To understand the concept of earned value, think about the concept of debits and credits. In a double-entry accounting system, for every debit to one account, there is a corresponding credit to another account. Earned value is similar to this concept. When you spend a dollar on labor for your project, you are “earning” a dollar’s value back into your project. Therefore, all project tasks—including code development, documentation, and other functions—earn value back into your project.https://www.simplilearn.com/earned-value-management-and-its-formulas-article
How do you define Planned Value?
What is your understanding of Earned Value?
Understanding Earned Value Management and FormulasEarned value management and the formula is an essential part of the Project Cost Management knowledge area & an important topic for the PMP® exam. Read to know more.www.simplilearn.com100-150 words
Requirements: 100-150 words

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