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Questions and Answers
Which of the following best describes Earned Value (EV)?
Which of the following best describes Earned Value (EV)?
- The actual cost of the work completed at a given point in time
- The budgeted cost of the work yet to be completed at a given point in time
- The estimated cost of the work completed at a given point in time
- The budgeted cost of the work actually completed at a given point in time (correct)
What does Earned Value (EV) measure?
What does Earned Value (EV) measure?
- The actual cost of the work completed (correct)
- The estimated cost of the work completed
- The budgeted cost of the work yet to be completed
- The total cost of the project
Which of the following is true about Earned Value (EV)?
Which of the following is true about Earned Value (EV)?
- It represents the budgeted cost of the work actually completed (correct)
- It represents the budgeted cost of the work yet to be completed
- It represents the estimated cost of the work actually completed
- It represents the estimated cost of the work yet to be completed
Which of the following statements is true about Schedule Variance (SV)?
Which of the following statements is true about Schedule Variance (SV)?
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What does a positive Schedule Variance (SV) indicate?
What does a positive Schedule Variance (SV) indicate?
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What does a negative Schedule Variance (SV) indicate?
What does a negative Schedule Variance (SV) indicate?
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