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Published on Tuesday, May 26, 2009 - 02:03 PM

During a software project, you, as the project manager, gather data from the project team and perform an Earned Value Analysis of the project. Your analysis is based on the following information:

EV: 523,000  PV: 623,000  AC: 643,000.

Your Earned value report will indicate which of the following?

  1. CV: +120,000; SV: +100,000.
  2. CV: +100,000; SV: +120,000.
  3. CV: -100,000; SV: -120,000
  4. CV: -120,000; SV: -100,000.
Answer: D

Cost various is determined by comparing the Earned Value or Budgeted Cost of Work Performed with the Actual Cost ( AC) or Actual Cost of Work Performed. In this case the actual cost is greater than the budgeted cost indicating a negative cost variance or an over budget situation.

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