If you hired a consulting firm to develop a system which is estimated to take four months to complete with the tasks evenly divided over the four months and you agree to pay for the project with equal monthly installments,those payments would be called:
A)Planned Value PV
B)Budget At Completion BAC
C)Actual Cost AC
D)Earned Value EV
E)None of the above

Question

Quizplus · Accepted Answer

Planned Value (PV) represents the authorized budget assigned to complete the scheduled work in a specific time period. In this case, since the project is estimated to take four months with evenly divided tasks and equal monthly installments, the payments would represent the planned value for each month. Therefore, the correct answer is A) Planned Value (PV).

If You Hired a Consulting Firm to Develop a System