At the conclusion of a project, the sponsor wants to review the performance of the project with a postmortem financial review. Which of the following are included in the review? (Choose two.)

The correct answer is A. Actual cost C. Planned value. A postmortem financial review at project conclusion is retrospective in nature - it looks back at what was planned versus what actually occurred. Actual Cost (AC) represents the real expenditures incurred during the project, and Planned Value (PV) represents what was budgeted…

Project life cycle phases

Question

Options

AActual cost
BEstimate at completion
CPlanned value
DBurn rate
EBudget at completion
FEstimate to completion

How the community answered

(37 responses)

A
73% (27)
B
3% (1)
D
5% (2)
E
3% (1)
F
16% (6)

Explanation

A postmortem financial review at project conclusion is retrospective in nature - it looks back at what was planned versus what actually occurred. Actual Cost (AC) represents the real expenditures incurred during the project, and Planned Value (PV) represents what was budgeted to be accomplished by a given point. Comparing AC to PV reveals cost performance. The other options - Estimate at Completion (EAC), Estimate to Complete (ETC), and Budget at Completion (BAC) - are forward-looking forecasting metrics used during active project execution, not in a completed project's postmortem. Burn rate, while useful during execution, is also not a standard postmortem financial metric.

Topics

#earned value management#project closure#financial review#cost management

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