_____ is the sum of the items in the budgeted cost of work scheduled that should have been spent by a particular day.
A) Cost Performance Index
B) Cost variance
C) Earned value
D) Budgeted cost of work performed
E) Planned value

Question

Quizplus · Accepted Answer

Planned value (PV) is the sum of the budgeted cost of work scheduled (BCWS) for all activities or tasks scheduled to be completed by a certain date. It represents the planned or scheduled cost of the work that should have been completed by a specific point in time, and is also known as the budgeted cost of work scheduled (BCWS). PV provides a benchmark against which actual cost and schedule performance can be measured, and is an important component of earned value management.

_____ Is the Sum of the Items in the Budgeted