What Is the Difference Between Planned Value PV) and Earned

question 8

Multiple Choice

What is the difference between planned value PV) and earned value EV) ?

• A) Planned value is the budget set out for the project and earned value is the expected return for the project
• B) Planned value is the expected return for the project and earned value is the budget set out for the project
• C) Planned value is the budget set out for the project and earned value is the value of the work completed up to a specified date in the project, based on the initial value specified for each deliverable or work package
• D) Planned value is the value of the work completed up to a specified date in the project, based on the initial value specified for each deliverable or work package and earned value is the budget set out for the project
• E) There is no difference - planned value and earned value are interchangeable terms

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Definitions:

Associational Unionism

Refers to a form of labor organization where the union acts as an association advocating on behalf of its members' interests, often focusing on broader social and economic issues.

Occupational Unionism

A form of unionism where workers are organized based on the particular trades or professions they belong to, rather than industry-wide unions.

Nonmajority Unionism

A labor movement strategy where a union represents interested workers without achieving formal recognition or majority status through a collective bargaining agreement.

Temporary Workers

Employees hired for a fixed period or for the completion of a specific project, often without the benefits provided to permanent staff.