CGEIT · Question #672
Which of the following is the GREATEST advantage of earned value management when used for evaluating benefits from the implementation of blockchain projects for IT contracts management?
The correct answer is B. It provides a measure of project progress that is easy to understand.. The greatest advantage of Earned Value Management (EVM) for evaluating blockchain projects is its ability to provide an easily understandable measure of project progress.
Question
Which of the following is the GREATEST advantage of earned value management when used for evaluating benefits from the implementation of blockchain projects for IT contracts management?
Options
- AIt automates project progress reporting to business executives.
- BIt provides a measure of project progress that is easy to understand.
- CIt eliminates potential risks related to project earnings.
- DIt enables accurate forecasts of the number of blocks to be completed.
How the community answered
(23 responses)- A4% (1)
- B87% (20)
- C9% (2)
Why each option
The greatest advantage of Earned Value Management (EVM) for evaluating blockchain projects is its ability to provide an easily understandable measure of project progress.
EVM helps with reporting but doesn't inherently automate the reporting process; it's a methodology for calculating progress.
Earned Value Management (EVM) integrates scope, schedule, and cost performance into a single, comprehensive management system, providing stakeholders with an objective and quantifiable measure of project progress and performance. It allows for a clear comparison of planned work, accomplished work, and actual costs, making project status easy to understand for all stakeholders, including business executives.
EVM helps monitor financial performance and identify cost variances but does not eliminate risks related to project earnings, which depend on many factors beyond project control.
While EVM can help with forecasting overall project completion, it doesn't specifically enable accurate forecasts of 'the number of blocks to be completed' in a blockchain context, which is a technical detail, not the core benefit of EVM.
Concept tested: Benefits of Earned Value Management
Source: https://learn.microsoft.com/en-us/azure/devops/report/powerbi/sample-views-for-project-progress?view=azure-devops
Topics
Community Discussion
No community discussion yet for this question.