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:

Motivational Value

The significance or importance that an individual places on specific outcomes or rewards that help in driving their behavior towards achieving goals.

Professional Employees

Individuals employed in professions requiring advanced education or specialized training, often held to higher standards of conduct and expertise.

Incentive Plans

Strategies used by businesses to motivate and reward employees beyond their regular pay.

Enterprise Incentive Plans

Strategies or programs designed to motivate and reward employees’ performance at all levels, aligning their efforts with the goals of the organization.