PK0-004 · Question #1002
Which of the following would give the MOST accurate reflection of final project cost?
The correct answer is D. EV. In this context, Earned Value (EV) represents the budgeted value of work actually completed to date, making it the most accurate measure of what the project has truly accomplished in monetary terms. AC (Actual Cost) shows only what has been spent, without reference to how much…
Question
Which of the following would give the MOST accurate reflection of final project cost?
Options
- AEAC
- BAC
- CETC
- DEV
How the community answered
(15 responses)- B7% (1)
- C7% (1)
- D87% (13)
Explanation
In this context, Earned Value (EV) represents the budgeted value of work actually completed to date, making it the most accurate measure of what the project has truly accomplished in monetary terms. AC (Actual Cost) shows only what has been spent, without reference to how much work was done. ETC (Estimate to Complete) projects remaining costs but is based on assumptions. While EAC (Estimate at Completion) is commonly used for forecasting the final project cost, EV is the metric that most directly reflects real, verified progress against the plan - grounding cost analysis in actual completed work rather than projections.
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