Kimberley, a project manager in a software development company, is assigned a new project. She is given a budget of $500,000 and a span of six months to complete the project. In three months, she is able to complete 50 percent of the project. In this scenario, the earned value of the work completed is _____.
A) $350,000
B) $300,000
C) $250,000
D) $200,000
E) $150,000

Question

Quizplus · Accepted Answer

The earned value (EV) is the budget allocated for the work actually completed. Since Kimberley has completed 50% of the project and the total budget is $500,000, the EV is 50% of $500,000, which is $250,000.

Kimberley, a Project Manager in a Software Development Company, Is