Free PMP Exam Sample Question
Question:
If EV = $100, AC = $90, PV = $110 and BAC = $400, how much is the Cost Variance of a project?
A. $300
B. $40
C. $20
D. $10
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HINT: Apply the formula to calculate Cost Variance.
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Answer and Explanation:
The Correct Answer is D.
The formula to calculate Cost Variance (CV) is: CV=EV-AC. Therefore, CV = 100 - 90 = 10.