The earned value system starts with the time-phased costs that provide the project baseline, which is called the
A)Planned budgeted value of work scheduled.
B)Planned budgeted value of work completed.
C)Earned value of work scheduled.
D)Scheduled value of work scheduled.
E)Scheduled value of work completed.

Question

Quizplus · Accepted Answer

The earned value system starts with the time-phased costs that provide the project budget baseline, which is called the planned budgeted value of the work scheduled (PV).Given this time-phased baseline, comparisons are made with actual and planned schedule and costs using earned value.The earned value approach provides the missing links not found in conventional cost-budget systems.

The Earned Value System Starts with the Time-Phased Costs That