In earned value analysis,if the cost variance is (-$10,000),__________.
A)the cost variance is favorable
B)the cost variance is unfavorable
C)the scheduled variance is favorable
D)the scheduled cost avoidance is unfavorable

Question

Quizplus · Accepted Answer

In earned value analysis, cost variance is calculated by subtracting the actual cost of work performed from the budgeted cost of work. If the cost variance is negative, it means that the actual cost is higher than the budgeted cost, which indicates an unfavorable cost variance. Therefore, the best choice is B, the cost variance is unfavorable.

In Earned Value Analysis,if the Cost Variance Is (-$10,000),__________