Certified Associate in Project Management (CAPM) — Question 16

What does earned value (EV) measure?

Answer options

• A. Budgeted work that has been completed
• B. Total costs incurred while accomplishing work
• C. Budget associated with planned work
• D. Cost efficiency of budgeted resources

Correct answer: A

Explanation

The correct answer is A because earned value (EV) specifically quantifies the value of work that has been completed against the planned budget. Options B and D focus on costs and efficiency, while option C relates to the budget but does not reflect completed work.