Question

The ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity is known as the _____.

A) Earned Value
B) Planned Value
C) Cost Variance
D) Schedule Variance

Answer 1

The correct answer to the question is: A) Earned Value.

Step-by-step explanation:

The ratio of actual work completed to the percentage of work planned to have been completed at any given time during the life of the project or activity is known as the Earned Value. This measurement helps track the progress of a project in terms of the work that has been completed. It can be calculated by multiplying the planned percentage of work by the total value of the project.

For example, if a project is supposed to be 50% complete at a certain time but only 40% of the work has actually been completed, the earned value would be 40% of the total value of the project.