Question

The project has earned value of $87,750. Costs-to-date have been, $110,000, and the budget is $195,000. What percent complete is this project?

1) 80%
2) 45%
3) Unable to determine
4) 56%

Answer 1

The percent complete for the project is found by dividing the earned value by the budget and multiplying by 100. With an earned value of $87,750 and a budget of $195,000, the project is 45% complete.

Step-by-step explanation:

The question asks what percent complete the project is based on its earned value, costs-to-date, and the budget. The percent complete can be determined by dividing the earned value by the total budget and then multiplying by 100 to get the percentage. Using the given numbers: $87,750 (earned value) divided by $195,000 (budget) equals 0.45. When multiplied by 100, we get 45%, which means the project is 45% complete.