Calculate the cost variance if the cumulative earned value is R10 and the cumulative actual costs are R20.
A)R10
B)-R10
C)0.5
D)2.0

Name: Calculate the cost variance if the cumulative earned value is R10 and the cumulative actual costs are R20. A)R10 B)-R10 C)0.5 D)2.0
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Question

Quizplus · Accepted Answer

The cost variance (CV) can be calculated as CV = EV - AC. 
Given that EV (cumulative earned value) = R10 and AC (cumulative actual costs) = R20, 
CV = R10 - R20 = -R10 (option B)

Calculate the Cost Variance If the Cumulative Earned Value Is