Earned value is based on the concept that the percentage of project completion is closely correlated with __________.
A)the number of levels in the project
B)relevance of the project
C)cost or the use of resources
D)final assembly of the output

Question

Quizplus · Accepted Answer

Earned value is closely correlated with the cost or use of resources, as it measures the value of work completed at a given point in time in relation to the planned costs of the work. It provides an insight into the project's performance and helps in determining if the project is on track, behind schedule, or over budget. The other options, such as the number of levels in the project or relevance of the project, are not directly related to earned value. Final assembly of the output may be a part of the project's scope, but it may not necessarily be a significant determining factor in the earned value calculation.

Earned Value Is Based on the Concept That the Percentage