Which of the following represents the estimated value of the work actually accomplished in a project?

The choice indicating earned value correctly represents the estimated value of the work actually accomplished in a project. Earned Value is a key project management concept that integrates scope, time, and cost measures to assess project performance and progress. Specifically, it quantifies the work that has been completed at a specific point in time and assigns a monetary value to that completed work based on the project's planned costs.

By comparing the earned value to planned value (the value of work that was scheduled to be completed) and actual cost (what was actually spent), project managers can evaluate how well the project is adhering to its budget and timeline and can identify areas that may require corrective action. This makes earned value a critical metric in project control and reporting.

In this context, planned value reflects what was supposed to be done by a certain date, actual cost measures what has actually been spent on the project, and cost performance typically assesses how efficiently the budget is being used but doesn't directly denote the value of completed work. Thus, earned value distinctly captures the essence of work completed in financial terms.