The earned value is
A) the budgeted cost of the work scheduled.
B) the sum of the actual costs of the project.
C) difference between what was planned and the actual costs.
D) the budgeted costs of the work actually performed.

Question

Quizplus · Accepted Answer

The earned value is the budgeted costs of the work actually performed, which means the value of the work completed thus far. It's a key performance indicator that helps determine if a project is on track in terms of cost and schedule. Option A refers to Planned Value, Option B refers to Actual Cost, and Option C refers to Cost Variance.

The Earned Value Is