Question

EVM measures schedule and cost performance separately for a specific point in time. What will the value of work completed, actual cost, and budgeted cost reported be based on?Contact customer supportThe project scopeThat point in timeThe project plan The project charter

Answer 1

Answer:

That point in time

Explanation:

Earned value management (EVM) is used for measuring project performance and progress, or the budgeted cost of worked performed.

EVM should provide forecasts on project performance including budgeted costs vs. actual costs, and budgeted time vs. actual time.

For example, a project should be completed within one year and the costs should be evenly split between two semesters. EVM should measure if at the end of the first semester both the budgeted costs match the actual incurred costs, and the project has advanced on schedule.