Project cost management

If Earned Value (EV) = 350, Actual Cost (AC) = 400, Planned Value (PV) = 325, what is Cost Variance (CV)?

• 350

• - 75

• 400

• -50

You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. you have just begun week three, with an overall budget of us $10,000. to date, you have spent us $2,000 with 40 items tested successfully. what does the cost variance (cv) tell you in this circumstance?

• The project is proceeding at 100% of the expected rate.

• The project is $2000 under budget.

• The project is on budget.

• The project is getting $2 of work for every dollar spent.

A project team budgeted us $3,000 for the work performed and has spent us $4,000 to date. if they budgeted us $5,000 for the work sccheduled, what is the cost variance (cv)?

• ($1,000)

• $2,000

• $1,000

• ($2,000)

A Cost Performance Index (CPI) of 0.89 means?

• At this time, we expect the total project to cost 89 percent more than planned

• When the project is completed we will have spent 89 percent more than planned

• The project is only progressing at 89 percent of the rate planned

• The project is only getting 89 cents out of every dollar invested

You are managing a project which is into six months of its execution. You are now reviewing the project status and you have ascertained that project is behind schedule. The actual cost of Activity A is ₹ 2,00,000 and that of Activity B is ₹ 1,00,000. The planned value of these activities are ₹ 1,80,000 and ₹ 80,000 respectively. The Activity A is 100% complete. However, Activity B is only 75% complete. Calculate the cost performance index of the project on the review date.

• 0.7

• 0.8

• 0.9

• 0.6