If operations on a work package were estimated to cost $1,500 and finish today but, instead, have cost $1,350 and are only two-thirds complete, the cost variance is_______CV is calculated by EV – AC, or $1,500(2/3) – $1,350 = -$350.
Question:
If operations on a work package were estimated to cost $1,500 and finish today but, instead, have cost $1,350 and are only two-thirds complete, the cost variance is_______
Options:
$150
($150)
($350)
($500)
Correct Answer
The Correct Answer for this Question is
($350)
