Determining the earned value involves collecting data on the percent complete for each work package and then converting this percentage to a dollar amount by multiplying the ____ of the work package by the percent complete.
A) total budgeted cost
B) cumulative budgeted cost
C) total cumulative fees
D) contract cumulating amount

Question

Quizplus · Accepted Answer

To determine the earned value, you need to calculate the actual progress of each work package by comparing its percentage complete to its total budgeted cost. This calculation allows you to determine how much value has been earned on the project so far. Therefore, the answer is A) total budgeted cost.

Determining the Earned Value Involves Collecting Data on the Percent