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?
- CV: +120,000; SV: +100,000.
- CV: +100,000; SV: +120,000.
- CV: -100,000; SV: -120,000
- 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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