You are managing a project that involves the construction of metro rails. You planned on spending Rs.12,500K on the project, but your costs are higher than expected, and now you’re afraid that your project is spending too much money. What number tells you the difference between the amount of money you planned on spending and what you’ve actually spent so far on the project?

Options
- AC
- SV
- CV
- VAC

CORRECT ANSWER : CV

Discussion Board
Explanation-

-The question is asking for the difference between planned and actual spending. This is Cost Variance, so CV.

-Cost Variance deals with the cost baseline of the project. It provides you with information about whether you are over budget or under budget, in terms of dollars. Cost Variance is a measure of cost performance of a project.

Sapna Ambadkar 03-20-2017 06:47 AM

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