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CAPM · Question #334
CAPM Question #334: Real Exam Question with Answer & Explanation
The correct answer is D: The project is at risk as the cost variance (CV) is negative.. See the full explanation below for the reasoning.
Predictive, Plan-Based Methodologies
Question
A project manager is calculating the current budget. The earned value (EV) of the project is lower than the actual cost (AC) of the project. How should the project manager report the status of the project?
Options
- AThe project is tracking well as the cost variance (CV) is negative.
- BThe project is within budget but is delayed.
- CThe project is within budget and within schedule.
- DThe project is at risk as the cost variance (CV) is negative.
Topics
#Earned Value Management (EVM)#Cost Variance (CV)#Project Cost Management#Performance Measurement
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