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Earned value is: A. the base line plan B. completed work value C. cost / cost variance D. percent over o under budget E. A and B

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Question added by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society
Date Posted: 2015/01/20
Ibrahim Hussein Mayaleh
by Ibrahim Hussein Mayaleh , Sales & Business Consultant and Trainer , Self-employed

Earned Value of the project is the monitoring of the project plan to show what is already done and how much of the project costs has been spent. 

So the answer is (B) Completed work value

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

Most accurate answer is

B. completed work value

Wolf Klaas Kinsbergen
by Wolf Klaas Kinsbergen , Managing Director, Designer , ingenieursbureau KB International NV

Earned Value is an approach where you monitor the project plan, actual work, and work-completed value to see if a project is on track. Earned Value shows how much of the budget and time should have been spent, with regard to the amount of work done so far.

 

So I would say: answer E: A and B but you also know C and D

Irina Chepel
by Irina Chepel , Personal trainer , Freelancer

Option B

Elke Woofter
by Elke Woofter , Project Assistant , American Technical Associates

Earned value management (EVM), or Earned value project/performance management (EVPM) is a project management technique for measuring project performance and progress in an objective manner.

Therefore I go with Option E ... well that was my original answer and been informed that I am not completely correct ... so I am changing it to Option B

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

B. completed work value

is the correct answer.

Mohamed Hamdy Kamal Riad
by Mohamed Hamdy Kamal Riad , Senior Solution Architect , IBM

E. A and B

RAJ DAHIYA
by RAJ DAHIYA , Senior MEP Projects Manager , Trinity Engineering Services L.L.C.

Option "B" Its Completed work value

Muhammad samran
by Muhammad samran , Junior Officer/Project Coordinator , Pakistan Stell Mill

the answer is B.

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