The best replacement for earned value is actual cost.


The best alternatives to earned value are rated as following:
★★★★★  actual cost
★★  planned value
★★  earned schedule
★★  traditional approach
★  value of work done

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Speaking about earned value, one probably shouldn't forget about agile.

Other search terms related to earned value and their ratings are:

★★★★★ agile
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earned value
actual cost
planned value