Question: 7 . A project manager is assigned to a 1 2 - month project that has a $ 1 0 0 , 0 0 0

7. A project manager is assigned to a 12-month project that has a $100,000 budget. Six months have passed and $60,000 has been spent. On closer inspection, the project manager finds out that so far, only 40% of the work has been completed. The value of the completed 40% work is referred to as:a. Planned value.b. Earned value.c. Actual cost.d. Cost variance.

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