No.	Statement	True / False
1	If the cost variance is +$100, the activity is over budget.
2	CPI and SPI are used for trend analysis.
3	If SV = (-$200), the project is over budget.
4	The most challenging part of EVMS is to determine EV or % complete?
5	EAC can be greater or less than BAC.
6	The 50-50 rule is to determine AC.
7	Variances are usually expressed in percent as well as hours or dollars.
8	Scope changes should be paid for out of the management reserve.
9	As you progress through the life cycle phases of a project, the accuracy of the estimates usually improves.
10	The summation of all the PV for each work package should equal BAC.