Determining the Earned Value Involves Collecting Data on the Percentage

question 36

Multiple Choice

Determining the earned value involves collecting data on the percentage complete for each work package and then converting this percentage to a Rand amount by multiplying the_____ of the work package by the percentage complete.

• A)total budgeted cost (TBC)
• B)cumulative budgeted cost (CBC)
• C)cumulative earned value (CEV)
• D)cumulative actual cost (CAC)

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Definitions:

Atmospheric Pressure

Ambient pressure at sea level equivalent to 14.7 psia, 101.3 kPa, 1 atm, or 1.01 bar.

Psia

Pounds per square inch absolute. Measure of pressure values used in North America that factors in atmospheric pressure of 14.7 psi.

Atmospheric Pressure

The pressure exerted by the weight of the atmosphere, crucial for weather patterns and breathing.

Sea Level

The average level of the surface of the ocean at any given place, used as a standard in calculating land elevation and water depth.