Question

The budget is one of the three values of earned value management and is also known as _____. a. actual cost b. indirect cost c. earned value d. planned value

Answer 1

The correct answer is d. planned value

Step-by-step explanation:

Among project managers, the Earned Value is one of the most demanded requirements of management tools. When we talk about it, we refer to Earned Value Management (EVM), a series of parameters that advise on the operation of the project based on a planning. The Earned Value will inform us of the cost and time deviations of the project. So, thanks to its functionality, we can make faster and more effective decisions, based on concrete data about the reality of the work performed.