Practice Quiz

FE Civil Engineering Exam Prep

Category - Civil Engineering

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When evaluating the progress of a project using the Earned Value Management approach, which of the following cases is a project considered profitable?
  1. Actual budget spent is less than or equal to the earned value
  2. Actual cost is greater than the earned value
  3. Budgeted cost of work performed is less than the budgeted cost of work scheduled
  4. A. and C.
Explanation
Answer: A - When evaluating the progress of a project using the Earned Value Management approach, a project is considered profitable when the actual budget spent is less than or equal to the earned value. A project is considered to be over budget whenthe actual cost is greater than the earned value. A project is considered to be behind schedule when the budgeted cost of work performed is less than the budgeted cost of work scheduled.
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