All of the following accurately describe earned value management EXCEPT:
A) It is used to make predictions concerning the project schedule and cost control until the project's conclusion.
B) It enables a project team to understand progress in terms of both cost and schedule.
C) It is good for performance reporting but not for forecasting
D) It is used as a decision-making tool.

Question

All of the following accurately describe earned value management EXCEPT:​ 
A) It is used to make predictions concerning the project schedule and cost control until the project's conclusion. 
B) It enables a project team to understand progress in terms of both cost and schedule. 
C) It is good for performance reporting but not for forecasting 
D) It is used as a decision-making tool.

Quizplus · Accepted Answer

Earned value management is a valuable tool for both performance reporting and forecasting. It enables project teams to understand progress in terms of both cost and schedule, which can help in decision-making. Therefore, option C is incorrect because it incorrectly states that it is good for performance reporting but not for forecasting.

All of the Following Accurately Describe Earned Value Management EXCEPT:​

All of the Following Accurately Describe Earned Value Management EXCEPT: