The ____ is that portion of the approved total cost estimate planned to be spent on an activity during a given period.
A)AC
B)EV
C)RP
D)PV

Question

Quizplus · Accepted Answer

PV (Planned Value) represents the value of the work planned to be completed by a specific date and is therefore the portion of the approved total cost estimate planned to be spent on an activity during a given period. AC (Actual Cost) represents the actual costs incurred in completing the work, while EV (Earned Value) represents the estimated value of the work actually completed. RP (Reported Progress) is not a commonly used term in project management.

The ____ Is That Portion of the Approved Total Cost