Project Management Professional (PMP) Exam Practice – Question1728
A challenge of earned value management is predicting percent complete. The simplest formula to use to calculate EV is______________
A. 0/100 rule B. 50/50 rule
C. (Percent complete)h budget at completion) D. Milestone method
Correct Answer: C
Explanation:
Explanation:
Multiplying the percent complete by the budget at completion, or the total budget for the project, is the simplest formula to use. The 50/50 rule, or the more conservative 0/100 rule, can eliminate the necessity for the continuous determination of percent complete.
After the percent complete is determined, it can be plotted against time expended.