Earned value management allows for partial completion of an activity if some of the detailed costs associated with the activity have been paid but others have not.

Question

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Earned value management calculates the value of work completed based on the budgeted or planned cost at the completion of an activity, so it allows for partial completion of an activity if some of the costs have already been incurred. This is called "earned value" and is an important metric in tracking project progress and performance.

Earned Value Management Allows for Partial Completion of an Activity