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

Question

Alberto Lang

Business

10 June, 03:27

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

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Answers (1)

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Luca Chung · Answer 1

The correct answer is A

Explanation:

Earned value is defined as the technique of project management which is used for estimating or determining how the project is performing in terms of the schedule and the budget.

Its purpose or motive is to acquire an estimate for the resources which have been used at the completion of the project.

So, it is a cost estimate of the resources for the project life cycle.