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1. What are the three project cost reference perspectives that are used by earned value analysis?
Project budget, project schedule, and project resource list.
Project costs, project benefits, and corporate discount rate.
Planned value, actual cost, and earned value.
2. What does it mean to “level load” a task during earned value planning?
Schedule tasks to occur sequentially so that there is only one task being worked on at a time.
Use float to shift task start and end dates and thereby reduce the required level of a resource to be within the available level of that resource.
Spread the budgeted costs for a task evenly across all time periods in which a task is scheduled to be worked.
3. In earned value analysis, what is the relationship between Current PV and Cumulative PV?
Current PV and Cumulative PV are synonyms. The Current PV is the cumulative sum of all PV up to the present point in time on the project.
Current PV is the planned, or budgeted, project costs for the current time period – normally monthly. The Cumulative PV is the sum of all Current PVs from the beginning of the project up to through the current time period.
Current PV is the PV that the stakeholders desire the project to spend and Cumulative PV is the actual costs that the project has incurred.
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