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Planned Value vs. Earned Value in Project Management

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is a work breakdown structure?

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1. What is the planned value on a day where 40% of the project is projected to be complete with a total project budget of $275,000?

2. Earned value is derived using what factors?

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About This Quiz and Worksheet

Check your understanding of planned value (PV) vs. earned value (EV) with this quiz and worksheet combination. Questions ask about work breakdown structure, along with what happens when the EV is greater than the PV at a specific point.

Quiz and Worksheet Goals

Find out how much you know of the lesson with quiz questions covering these topics:

  • A practice problem involving planned value
  • Deriving earned value
  • Why EV better represents project health vs. the actual cost
  • What happens if the EV is greater than the PV at a given point

Skills Practiced

  • Information recall - remember what you have learned about representing project health
  • Problem solving - use what you know to solve a practice problem involving the use of PV
  • Defining key concepts - ensure that you know how to derive EV

Additional Learning

To discover more about the content, use the lesson titled Planned Value vs. Earned Value in Project Management, which is home to many additional topics, including those seen below:

  • Ways to use EV and PV
  • Charting PV, EV, and actual cost
  • How you can tell when a project is behind schedule
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