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:

To-Be-Chosen Option

The alternative or solution that is selected or decided upon after consideration.

Promising Option

An alternative or choice that shows potential for success or a favorable outcome based on early indicators or theoretical advantages.

Fortifying

The act of strengthening or reinforcing something to make it more secure or robust.

Trading Off

The act of giving up one benefit in order to gain another, often seen as a compromise.