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difference between VOWD, EV and AC

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Ciprian HancuMember for 13 years 5 months
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I know exactly how to calculate and what does it mean EV (earned value) and AC (actual cost).

 But I'm a little confused about VOWD (value of the work done).
So, I would like to know if you can share with me some online informations where I can see exactly what does it mean each one.

VoWD is equal to AC? or rather VoWD is equal to EV?

Thank you!

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  1. 0
    Bogdan Leonte ·
    #1

    Greetings,here is an article

    Greetings,

    here is an article about the Earned Value method and how to use/interpret its' results.

    https://www.google.ro/url?sa=t&rct=j&q=&esrc=s&source=web&cd=6&ved=0CE4QFjAF&url=http%3A%2F%2Fyadda.icm.edu.pl%2Fbaztech%2Felement%2Fbwmeta1.element.baztech-article-BPL6-0014-0070%2Fc%2Fhttpwibis_pollub_plfilesplikikonferencje32.pdf&ei=b33jUcLRNpP34QTgvYCgDA&usg=AFQjCNHMBSQUqcRgHqf51eh7TXoAHo-2iA&bvm=bv.48705608,d.bGE&cad=rja

    I think all planning software packages have integrated Earned Value analysis, most of them have only Earned Value analysis. 

    Best Regrads,

    Bogdan

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  2. 0
    Gary Whitehead ·
    #2

    I have seen different

    I have seen different definitions of VOWD, but the most common one is VOWD = invoices paid + accrual, which is basically the same as actual cost

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