Final answer:
Earned Value (EV) is synonymous with Budgeted Cost for Work Performed (BCWP), not Planned Value (PV), Actual Cost (AC), or Cost Variance (CV). EV is used in project management to measure project progress and performance.
Step-by-step explanation:
The term that means the same as earned value (EV) is (c) Budgeted Cost for Work Performed (BCWP). Earned Value is a concept used in project management to measure the progress of a project at a specific point in time. It essentially represents the budget that should have been spent for the work that has already been done up to that point, and it is used in combination with Planned Value (PV) and Actual Cost (AC) to analyze project performance and progress.
Planned Value, or Budgeted Cost for Work Scheduled (BCWS), is the budgeted amount for the work that should have been completed within a given period. Actual Cost (AC), also known as the actual cost of work performed (ACWP), is the actual amount spent on the work to date. Cost Variance (CV) is a different concept; it represents the difference between Earned Value and Actual Cost.