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NEW QUESTION: 1
A challenge of earned value management is predicting percent complete. The simplest formula to use to calculate EV is______________
A. 50/50 rule
B. (Percent complete) x (budget at completion)
C. Milestone method
D. 0/100 rule
Answer: B
Explanation:
Multiplying the percent complete by the budget at completion, or the total budget for the project, is the simplest formula to use. The 50/50 rule, or the more conservative 0/100 rule, can eliminate the necessity for the continuous determination of percent complete. After the percent complete is determined, it can be plotted against time expended. [Monitoring and Controlling] Kerzner 2009, 656-657

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