Determining the Earned Value Involves Collecting Data on the Percent

Multiple Choice

Determining the earned value involves collecting data on the percent complete for each work package and then converting this percentage to a dollar amount by multiplying the ____ of the work package by the percent complete.

A) total budgeted cost (TBC)
B) cumulative budgeted cost (CBC)
C) cumulative earned value (CEV)
D) cumulative actual cost (CAC)