A) – $500
This week’s correct answer is:
“Cost variance (CV) is the amount of budget deficit or surplus at a given point in time, expressed as the difference between earned value and the actual cost. It is a measure of cost performance on a project.”
CV= EV – AC
CV= 2500 -3000
CV = – $500
A Guide to the Project Management Body of Knowledge, (PMBOK® Guide)– Sixth Edition, Project Management Institute, Inc., 2017 (page 262)
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