Question: The difference between Earned Value and Actual Costs is known as: Cost Variance Schedule Variance Actual Costs Planned Value

The difference between Earned Value and Actual Costs is known as:
Cost Variance
Schedule Variance
Actual Costs
Planned Value

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 Accounting Questions!

Q:

Question Completion Status: Moving to another question will save this response. uestion 13 The difference between Earned Value and Actual Costs is known as: Cost Variance Schedule Variance Actual...

Q:

WBS Element Values Variance Performance Index Planned Value ( PV ) Earned Value ( EV ) Actual Cost ( AC ) Schedule ( EV - PV ) Cost ( EV - AC ) Schedule ( EV / PV ) Cost ( EV / AC ) 1 . 0 Design...

Q:

You are now 5 0 % through your project. You have paid the contractors $ 3 0 , 0 0 0 for the work completed. This is an example of: Question 5 options: Planned value ( PV ) Earned value ( EV ) Actual...

Q:

You are now 5 0 % through your project. You have paid the contractors $ 3 0 , 0 0 0 for the work completed. This is an example of: Question 5 options: Planned value ( PV ) Earned value ( EV ) Actual...

Q:

This is missing key pieces of necessary information to complete the related tasks.Assumptions include that the project started on 1/1/2017, the cost per unit is $1,000, a unit of work is one hour,...

Q:

Project Weight: 20% Name ID Answer any 5 questions, each one out of 5 marks 1. Case Study -EVM 1(5 marks ) You are a project manager for the project \"Replace Old Laptops\" which started in January...

Q:

please show work and how you got the answers! Your 12-month project has a total cost of $1 Million. After three months you have spent $600K. The project was planned to be 60% complete but in actual...

Q:

2 9 . Considering the impact of both schedule and cost performance; what the entire project is likely to cost is expressed by ? TCPI = ( BAC EV ) / ( BAC - AC ) Estimate to Complete ( ETC ) = ( BAC...

Q:

2 9 . Considering the impact of both schedule and cost performance; what the entire project is likely to cost is expressed by ? TCPI = ( BAC EV ) / ( BAC - AC ) Estimate to Complete ( ETC ) = ( BAC...

Q:

This project has four completed activities whose durations are indicated by the blue bars. The budgeted cost of work scheduled for each task is shown on each bar. The budgeted cost of work performed...

Q:

A 50 kN capacity screw jack consists of a square threaded steel screw meshing with a bronze nut The nominal diameter is 60 mm and the pitch is 9 mm The permissible bearing pressure at the thread is...

Q:

A loaded train freight car (10 metric tons) rolls at 2 m/s East towards another freight car. The second freight car is traveling West at 3 m/s. Its mass is 15,000 kg. Upon collision the two cars lock...

Q:

which specialization do i need to follow as a finance major if i want to work in companies like pwc deloitte etc

Q:

serverpool CPU pool memory pool CPU pool memory pool Pool A werpool CPU pool memory pool Which pooling technique is showing in the diagram [2 Marks)? Discuss the advantages and disadvantages of this...