Earned value example
Dorothy is the project manager, and she works on the cost estimation in the project. She came through many terminologies and values in the process. Dorothy came to know estimated value of the work actually completed is called?
A. Planned value.
B. Earned value.
C. Actual cost.
D. Sunk cost.
Answer: Option B is correct.
Estimated value of the work actually completed is known as earned value. Other options are not correct.