Determining the earned value involves collecting data on the percent complete for each work package and then converting this percentage to a dollar amount by multiplying the ____ of the work package by the percent complete.
A) total budgeted cost (TBC)
B) cumulative budgeted cost (CBC)
C) cumulative earned value (CEV)
D) cumulative actual cost (CAC)

Question

Quizplus · Accepted Answer

The total budgeted cost (TBC) of the work package is multiplied by the percent complete to determine the earned value. The other options listed (cumulative budgeted cost, cumulative earned value, cumulative actual cost) do not provide the necessary information for determining earned value.

Determining the Earned Value Involves Collecting Data on the Percent