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:

EDI

Electronic Data Interchange, a standardized method for transferring data between different computer systems or networks, especially used in business transactions.

XML

Extensible Markup Language, a flexible way to create common information formats and share both the format and the data on the World Wide Web, intranets, and elsewhere.

Supply Chain

The Supply Chain encompasses all the processes involved in producing and delivering a product or service, from the raw materials to the consumer.

Distribution Portals

Corporate portals that automate the business processes involved in selling or distributing products from a single supplier to multiple buyers.