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Exam PgMP topic 1 question 2 discussion

Actual exam question from PMI's PgMP
Question #: 2
Topic #: 1
[All PgMP Questions]

What is the formula to determine earned value (EV) for a program?

  • A. Percent complete times percent remaining in the program
  • B. Percent completes time the program cost estimate
  • C. Percent complete times the program budget at completion
  • D. Percent complete times the program cost of labor and materials
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Suggested Answer: C 🗳️

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omankoman
3 weeks, 3 days ago
Selected Answer: C
It is the total budget for each process up to a certain point in time. For example, suppose a project consists of 10 processes, each with a construction period of one month and a budget of $1,000, and after two months, two processes are completed with a budget of $300. The EV in this case is $200, which is the percentage of progress (2/10) multiplied by the original budget of $1,000.
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