The budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time best defines
A)variance.
B)earned value.
C)actual cost.
D)planned value.

Question

Quizplus · Accepted Answer

The budgeted amount of cost for work scheduled to be accomplished on a given activity for a given period of time is known as the planned value. Therefore, the correct option is D. Option B is incorrect because earned value is the measure of work completed in terms of the budgeted cost of the work performed. Option A is incorrect because variance is the difference between the actual cost and the budgeted or planned cost. Option C is incorrect because actual cost is the cost actually incurred in the completion of a specific activity or project.

The Budgeted Amount of Cost for Work Scheduled to Be