How many hours have been earned?

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete.

How many hours have been earned?

A. 6,600

B. 6,960

C. 7,200

D. 6,573

View Answer

Answer: A

Explanation:

To calculate the earned hours, you use the formula:

Earned Hours=Total Budgeted Hours×Percent Completetext{Earned Hours} = text{Total Budgeted Hours} times text{Percent Complete}Earned Hours=Total Budgeted Hours×Percent Complete

Given:

Total Budgeted Hours = 12,000 hours

Percent Complete = 55%

Earned Hours=12,000×0.55=6,600 hourstext{Earned Hours} = 12,000 times 0.55 = 6,600 text{ hours}Earned Hours=12,000×0.55=6,600 hours

So, the correct answer is A. 6,600 hours.