Calculate the cost variance if the cumulative earned value is $10 and the cumulative actual costs are $20.
A) $10
B) -$10
C) 0.5
D) 2.0

Name: Calculate the cost variance if the cumulative earned value is $10 and the cumulative actual costs are $20. A) $10 B) -$10 C) 0.5 D) 2.0
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Question

Quizplus · Accepted Answer

Cost variance (CV) = Earned Value (EV) - Actual Cost (AC)
CV = $10 - $20 = -$10
The negative value indicates that the project is over budget. Therefore, the best choice is B.

Calculate the Cost Variance If the Cumulative Earned Value Is