What should a project manager use to determine how much money is needed to complete a project?

The correct answer is C. Earned value analysis (EVA). Earned Value Analysis (EVA) is the analytical technique a project manager uses to measure project performance and forecast cost outcomes, including how much money is needed to complete the project. EVA produces metrics like Estimate to Complete (ETC) and Estimate at Completion…

Predictive, Plan-Based Methodologies

Question

What should a project manager use to determine how much money is needed to complete a project?

Options

AEarned value management (EVM)
BEstimate at completion (EAC)
CEarned value analysis (EVA)
DBudget at completion (BAC)

How the community answered

(56 responses)

A
4% (2)
C
95% (53)
D
2% (1)

Explanation

Earned Value Analysis (EVA) is the analytical technique a project manager uses to measure project performance and forecast cost outcomes, including how much money is needed to complete the project. EVA produces metrics like Estimate to Complete (ETC) and Estimate at Completion (EAC), but EVA itself is the technique applied to derive those figures. EVM (A) is the overall management system framework. EAC (B) is a resulting metric, not the technique. BAC (D) is the original planned total budget set at project start - it does not account for current performance or remaining work.

Topics

#Earned Value Analysis (EVA)#Cost Management#Project Performance Measurement#Forecasting

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