PM: Value of Performed Work
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See more in Business Management & Administration
This game focuses on defining the terms used when determining the value of performed work.
Topics of this game:
- ____________ is the value of work actually performed. It's a key parameter throughout the project.
- Earned value involves subtracting costs from profits.
- Earned Value collects data on each work package's percent complete, then converts this to a dollar amount by multiplying the work package's ______ by the percent complete.
- There are how many cost related measures?
- It's possible to analyze cost performance by plotting the CBC, CAC, and CEV curves on separate graphs.
- Actual Costs can be higher than Budgeted Costs. For example: at the end of week 8, you may have spent $80,000 but only budgeted $75,000.
