The cost variance for a project is calculated by
A) EV − AC.
B) AC − SV.
C) PV − EV.
D) CV − EV.
E) EV − PV.

Name: The cost variance for a project is calculated by A) EV − AC. B) AC − SV. C) PV − EV. D) CV − EV. E) EV − PV.
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Question

Quizplus · Accepted Answer

Cost Variance (CV) is calculated as Earned Value (EV) minus Actual Cost (AC), which is represented by the formula CV = EV - AC. This measures the cost efficiency and financial performance of a project by comparing what has been earned to what has been spent.

The Cost Variance for a Project Is Calculated by