The positive cost variance means
A) more money was spent on the project than was planned.
B) more money was spent on the project than the value of the work performed.
C) less money was spent on the project than the value of the work performed.
D) less money was spent on the project than was planned.

Question

Quizplus · Accepted Answer

A positive cost variance indicates that the project spent less money than the value of the work performed, suggesting a favorable financial performance.

The Positive Cost Variance Means