LIFE CYCLE COSTING

15. Life cycle costing:a. Is a method of including all of the cost associated with the projectover its entire life.b. Is a federal government accounting method.c. Is a method of predicting the life of a project.d. Is a method of evaluating projects when they are complete.The following table and description refer to questions 16 through 22.A project manager is using the earned value reporting method to manage hisproject. The following table shows the data collected to date. The plan is forthe project to be complete after eight weeks. The earned value report showsdata collected for the first four weeks of the project. The figures shown inthe table are cumulative.Week PV AC EV1 1,000 1,000 1,0002 3,000 2,000 2,5003 5,000 5,000 6,0004 7,000 9,000 7,0005 13,0006 17,0007 19,0008 20,000