What does it mean if the Earned Value is equal to Actual Cost?
A. Schedule Variance Index is 1
B. Project is on budget and on schedule
C. There is no cost variance
D. There is no schedule variance
PMP Exam Set B – Q48
The Actual Cost (AC) is the total cost actually incurred and recorded in accomplishing work performed for an activity or work breakdown structure component. What is the upper limit for the AC?
A. 50% over and above the Planned Value (PV)
B. The Actual Cost (AC) is limited to the Planned Value (PV).
C. 100% over and above the Planned Value (PV)
D. There is no upper limit for the Actual Cost (AC).