The First Step in Earned Value Management Is To

question 38

Multiple Choice

The first step in earned value management is to:

• A)Create the activity and resource usage schedules.
• B)Develop a time-phased budget that shows expenditures across the project's life.
• C)Total the actual costs of doing each task to arrive at the actual cost of work performed.
• D)Clearly define each activity that will be performed including its resource needs and budget.

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Definitions:

Future Delivery

A contractual agreement to buy or sell an asset at a predetermined price at a specified future date, often used in commodities trading.