If the actual cost for a WBS item is $1,500 and its earned value is $2,000, what
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If the actual cost for a WBS item is $1,500 and its earned value is $2,000, what is its cost variance, and is it under or over budget?
a. The cost variance is $500, which is over budget.
b. The cost variance is $500, which is under budget.
c. The cost variance is $500, which is over budget.
d. The cost variance is $500, which is under budget.
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Kirti Kaushal
Having experience of more than 10 years is good enough to coach my students. Currently, I am working as an active supervisor of ACCA students. In my career, I helped students in financial accounting, management accounting, cost accounting, financial reporting, taxation, and audit. I also helped students publish their articles or papers in good journals. I also helped students with thesis and objective writing.
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Related Book For 
Information Technology Project Management Revised
ISBN: 978-1285847092
7th Edition
Authors: Kathy Schwalbe
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