QUESTION 12 Earned value management (EVM) is a commonly used: Analysis of the sum of the labour costs that have been incurred on the project to date. Analysis of the value of the equipment that has been installed in the project as of the status date. Method of measuring the amount of money that has been spent on the project to date. O Method of performance measurement for projects. QUESTION 13 Parametric estimating involves: O Calculating individual cost estimates for each work package and integrating them to obtain the total cost of the project. O Using the actual cost of a previous similar project to estimate the cost of the current project. Using a statistical relationship between relevant historical data and other variables to calculate a cost estimate for project work. O Defining cost or duration parameters of the project life cycle. QUESTION 14 In earned value management, the cost variance is equal to: O AC minus EV. O EV minus PV. EV minus AC. PV minus EV. QUESTION 15 BAC 200 B PV = 100 AC = 120 EV = 80 Assuming that all future work will be performed at the budgeted rate, the estimate to complete (ETC) is: 180. 120. 140. 200