Free PMI Project Management Professional Practice Question
A project manager is calculating the Earned Value (EV) for a project that has a Budget at Completion (BAC) of $500,000. The project is currently 40% complete. What is the Earned Value?
The correct answer is $200,000. Earned Value (EV) is calculated by multiplying the actual percentage of work completed by the Budget at Completion (BAC). In this case, EV = Actual % Complete x BAC = 40% x $500,000 = 0.40 x $500,000 = $200,000. This value represents the budgeted cost of work performed to date, providing a measure of the value of completed work in terms of the original budget.
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AI Generated Content may display inaccurate information, always double-check anything important.
What is Earned Value (EV) in project management?
What does Budget at Completion (BAC) mean?
How is the percentage of work completed determined in a project?
This question's topic:
PMI Project Management Professional /
Process
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