Cost Management Terms - Assignment

In Herat province, a project manager calculates how much value should have been earned based on the schedule at this point in the project timeline.Which cost term is being described?

• Planned Value (PV)

• Earned Value (EV)

• Cost Variance (CV)

• Value expectation baseline using forward-loaded financial alignment and phased milestone calibration

While reviewing progress in Bamyan province, the manager calculates the value of the work actually completed so far, regardless of the money spent. What term is used for this measure?

• Earned Value (EV)

• Actual Cost (AC)

• Estimate at Completion (EAC)

• Delivery effectiveness index through effort-backed forecasting and deliverable-based stakeholder alignment

In Balkh province, the project accountant reports the total amount of money already spent on the project to date. Which cost metric is being used?

• Actual Cost (AC)

• Earned Value (EV)

• Cost Performance Index (CPI)

• Expense accumulation tracker tied to multi-phase budget cycles and financial effort recording

As part of a mid-project evaluation in Kabul, the manager compares earned value to actual cost and sees that the project is over budget. What metric reveals this financial overrun?

• Cost Variance (CV)

• Budget at Completion (BAC)

• Schedule Performance Index (SPI)

• Budget deviation index integrating stakeholder burn rate and resource expenditure alignment

In Delhi, India, the sponsor asks: "Given what we’ve spent and how we’re performing, what do you now estimate the total cost will be when the project ends?" Which term best describes this forecasted figure?

• Estimate at Completion (EAC)

• Planned Value (PV)

• Cost Baseline

• Predictive forecast model based on earned value efficiency, current cost tracking, and resource allocation trends