Earned value should be calculated twice in the life cycle of the project, once in the beginning and then again at completion.

a) True

b) False

 

b) False

Step-by-step explanation

Definition

Earned Value is an approach where you monitor the project plan, actual work, and work completed value to see if a project is on track. Earned Value shows how much of the budget and time should have been spent, considering the amount of work done so far.

Earned value is computed after the projected has been started already to see whether the project is on tract. Shows how much of the budget and time should have been spent considering the amount of effort done so far.

Explanation

The above statement is therefore wrong, since you can not compute earned value at the start of the project since the project has not started. There will no data to compare and calculate. Even if the earned value will be calculated twice, then should not be at the start of the project life cycle. Should be calculated towards the final stages of the project life cycle.