Fixed Formula Method

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Fixed Formula Method is a method of estimating earned value in which a specified percentage of the budget value of a work package is assigned to the start milestone and the remaining percentage is assigned when the work package is complete. See also weighted milestone method.

Definition

According to the PMI Lexicon of Project Management Terms,

Fixed Formula Method. A method of estimating earned value in which a specified percentage of the budget value of a work package is assigned to the start milestone and the remaining percentage is assigned when the work package is complete. See also weighted milestone method.
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