PMI Agile Certification Practitioner(PMI ACP) Exam Practice Test 5

The correct answer is the Earned Value Management (EVM) approach. The definition of EVM is that it’s a comparison of the project’s cost to another metric, such as time. The other answers are incorrect because they aren’t accurate names for the approach Randy is using. Agile Project Accounting is a set of financial principles that are irrelevant; Earned Value Ratio is also irrelevant. The Internal Rate of Return (IRR) is defined as the discount rate where project revenues equal project costs.