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Which one of the following statements most accurately describes how Earned Value (EV) data should be used to determine the budget requirement for a contract?
Which one of the following statements most accurately describes how Earned Value (EV) data should be used to determine the budget requirement for a contract?
| Develop an Estimate at Completion and add appropriate profit or fee |
| Use the contractors Latest Revised Estimate and subtract appropriate profit or fee |
| Use the contractors Latest Revised Estimate |
| Develop an Estimate at Completion |
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