Question $1(5$ points$)$

$$ Saved

Match the term with the appropriate definition.

$$ Actual Costs

$$ Planned Value

$$ Cost Performance Index

$$ Cost Variance

$$ Schedule Variance

$$ Earned Value

$$ Budget at Completion

$$ Schedule Performance Index

the amount of money that the project is expected to spend on project activities at a given point in time.

how much money was actually spent on an activity at a given time

how much work was actually completed on the project at the given point in time

sum of the planned value for all the activities $($budget baseline$)$

earned value minus actual costs

earned value minus planned value

provides an indicator of the overall cost performance to date

provides an indicator of the overall schedule performance to date