Earned value is:
A)The total budget for the project.
B)A cost estimate of the budgeted resources across the project's life cycle.
C)The real budgeted value of the work that has actually been performed to date.
D)The cumulative total costs incurred in accomplishing the various project work packages.

Question

Quizplus · Accepted Answer

Earned value is the real budgeted value of the work that has actually been performed to date. It is a measure of project progress and performance, comparing the actual work completed with the budgeted cost of that work. Earned value is calculated by multiplying the percentage of work completed by the total budgeted cost of the work.

Earned Value Is