Preparing Practice Exam…
Please wait a moment while the system generates the exam questions, answers, and study session.
Please wait a moment while the system generates the exam questions, answers, and study session.
Certified Associate in Project Management · PMI
Select one answer.
Written by other learners. Comments can disagree with the marked answer — check the official documentation when in doubt.
- Cost Variance (CV) = Earned Value (EV) - Actual Cost (AC). CV = $45,000 - $55,000 = -$10,000. A negative CV means the project is over budget. The project has completed $45,000 worth of work but has spent $55,000, meaning it is $10,000 over budget. Remember: for both CV and SV, negative values are unfavorable.