Question

By adding all of the ____ for all project activities, you can determine how the project as a whole is performing and forecast both when it will be completed and how much it will cost at completion.

Answer 1

By adding all of the earned values for all project activities, you can determine how the project as a whole is performing and forecast both when it will be completed and how much it will cost at completion.

Earned Value (EV) is the percent of the total budget actually completed at a point in time. This is also known as the budgeted cost of work performed (BCWP). EV is calculated by multiplying the budget for an activity or work package by the percentage progress

Learn more about Earned Value here:

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