Earned Value Is

question 20

Multiple Choice

Earned value is:

• A)The total budget for the project.
• B)A cost estimate of the budgeted resources across the project's life cycle.
• C)The real budgeted value of the work that has actually been performed to date.
• D)The cumulative total costs incurred in accomplishing the various project work packages.

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Definitions:

Achievement-oriented

Describes an individual or organizational culture that emphasizes the importance of setting and accomplishing goals.

Follower Readiness

The degree to which followers are willing, able, and prepared to take on responsibilities, follow directions, or engage in activities directed by a leader.

Leader Position Power

The power and sway possessed by a leader due to their designated function or status in a group or establishment.

Task Structure

The extent to which job roles are specifically defined, clear, and organized.