Question: If earned value = 500, planned value = 700, and actual costs = 450, what is the cost variance? A. 200 B. 200 C. 50

If earned value = 500, planned value = 700, and actual costs = 450, what is the cost variance?

A. –200 B. 200 C. –50 D. 50

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Construction Project Management Questions!

Q:

Attached is a project I'm working on and I'm stuck at a crucial point. I need help figuring out what the Planned sales, Desired ending inventory of finished goods as well as the Beginning inventory...

Q:

If earned value = 500, planned value = 700, and actual costs = 450, calculate the schedule variance. This type of question contains radio buttons and checkboxes for selection of options. Use Tab for...

Q:

If earned value = 500, planned value = 700, and actual costs = 450, what is the cost variance? A. -200 B. 200 C. -50 D. 50

Q:

If earned value = 500, planned value = 700, and actual costs = 450, what is the schedule variance? A. 200 B. 200 C. 50 D. 50

Q:

If earned value = 500, planned value = 700, and actual costs = 450, what is the schedule variance? A. -200 B. 200 C. -50 D. 50

Q:

___1. Which of the following is an example of a direct cost on an IT project a. Salary of the project manager and subcontractor expenses b. Property taxes paid by the company c. Salary cost of...

Q:

Assume we're halfway through a year-long project that has a total budget of 300000 AED. The amount budgeted through this six-month mark is 205000 AED and a total of 190000 AED spent. Calculate the...

Q:

Assignment 5. Exercise on EVM The project plan is presented in table below. The project started on 21 July 2015 and was reviewed after 25 days and progress on each task is also provided in the table....

Q:

The following Gantt chart displays the schedule for a software upgrade project. The system analysis was completed on August 12 but the system design and development activities are still in process as...

Q:

Answer the 2 bullet questions and correct the questions numbered 1 & 2:...

Q:

Atlantic Control Company (ACC) purchased a machine two years ago at a cost of $70,000. At that time, the machines expected economic life was six years and its salvage value at the end of its life was...

Q:

(a) Show that V for a spherical shell of radius R, that has charge q distributed uniformly over its surface, is the same as V for a solid conductor with radius R and charge q. (b) You rub an inflated...

Q:

Taxpayers who participate in an employer - sponsored retirement plan are not allowed to contribute to individual retirement accounts ( IRAs ) . Group starts

Q:

The financial staff of Cairn Communications has identified the following information for the first year of the roll-out of its new proposed service: Projected sales...