An earned value report shows:
A)How much money has actually been spent so far on the project.
B)Slippages in performance measures for the work product.
C)The budgeted value of work performed.
D)Slippages in time against planned measures.

Question

Quizplus · Accepted Answer

An earned value report shows the budgeted value of work performed, which is typically compared to the actual cost of work performed to determine the project's performance. Choice A is incorrect because an earned value report does not necessarily show how much money has been spent, as it focuses on the value of work performed. Choice B is incorrect because earned value focuses on measuring progress against planned measures, rather than slippages in performance measures. Choice D is incorrect because earned value focuses on measuring progress against planned measures, rather than slippages in time.

An Earned Value Report Shows