Planned Value Is ______

question 62

Multiple Choice

Planned value is ______.

• A)the total budget
• B)a way to identify the expenditures at any one stage in the project
• C)a cost estimate of the budgeted resources scheduled across the project's life cycle (cumulative baseline)
• D)the real budgeted cost,or value,of the work actually performed to date

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Definitions:

Ratified

Confirms or approves an action, document, or agreement officially, making it valid and enforceable.

Secondary Indorsers' Liability

Refers to the legal responsibility that falls on endorsers who sign a document or contract after the primary signer, particularly in financial transactions.

Negotiates

The process of discussing something formally to reach an agreement or compromise.

Pays

Refers to the act of giving money in exchange for goods, services, or to fulfill an obligation.