**The formula for Cost Variance is:**

**A**. CV=EV-AC**B**. CV=AC-EV**C**. CV=BAC-(AC-EV)**D**. CV=SV-BC

**The formula for Cost Variance is:**

**A**. CV=EV-AC**B**. CV=AC-EV**C**. CV=BAC-(AC-EV)**D**. CV=SV-BC

**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

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