The project manager is reviewing the earned value of work completed compared to the planned value and is representing it in a dollar figure. This type of analysis is an example of which of the…

The Cost Performance Index (CPI) equals EV divided by AC and produces a dimensionless efficiency ratio, not a dollar-figure difference, and it compares earned value to actual cost rather than to planned value.

Risk mitigation refers to actions taken to reduce the probability or impact of identified risks and has no relation to earned value calculations or performance measurement.

Schedule Variance is calculated as EV minus PV (SV = EV - PV) and is denominated in currency, making it a dollar-figure representation of whether work is ahead or behind the plan. A positive SV indicates work is ahead of schedule; a negative SV indicates work is behind - directly matching the description of comparing earned value of work completed to planned value in dollar terms.

Cost Variance (CV) is calculated as EV minus AC - it compares earned value to actual cost incurred, measuring cost efficiency rather than schedule performance against the plan.