Question: 4. In the earned value management (EVM) system what term represents the budgeted cost of the work scheduled to be completed as of today? planned

4. In the earned value management (EVM) system what term represents the budgeted cost of the work scheduled to be completed as of today? planned value (PV) b. earned value (EV) actual cost d. budget at completion (BACI 5. For the project the earned value (EV) - 5500. The actual cost (AC) - 5300. The planned value (PV) - 5400. The project is: a. ahead of schedule and under budget b. behind schedule and under budget c. ahead of schedule and over budget d. behind schedule and over budget 6. For the project the earned value (EV) - $350. The actual cost (AO - $280. The planned value (PV) - 5500. The total project budget is $1,000. Assume that you will continue to spend at the same rate as you are currently spending. What is the project's estimate at completion (EAC)? 5800 b. 5930 51.000 d. 51,023 7. Work package 1.5.2.3 on your project has a budget at completion (BAC) pf 54,000. Since this work package is small and is planned to be complete within two reporting periods it was decided to use the 50/50 fixed formula method for reporting earned value. Work package 1.5.2.3 has just started and very little work is complete on it. You must report on earned value today. At this point you would report an earned value of a 50 b. 51 C. $2,000 d. $4,000

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