Which is true of earned value?
A) It is the actual cost plus the planned cost.
B) It is based solely on the total cost estimate to be spent on an activity.
C) It is an estimate of the value of the physical work actually completed.
D) It is also known as the planned value.

Question

Quizplus · Accepted Answer

The earned value (EV) is an estimate of the value of the physical work actually completed. EV is based on the original planned costs for the project or activity and the rate at which the team is completing work on the project or activity to date.

Which Is True of Earned Value