PM ENTERPRISES

Successful Certification = Certified Success

A)  – $500
B)    $250
C)    $500
D)    $750

This week’s correct answer is:  

A

“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)

If you answered correctly, you will automatically receive one entry into our monthly drawing for a $100 Amazon Gift Card.