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You are managing a construction project to install new door frames in an office building. You planned on spending $12,500 on the project, ?

but your costs are higher than expected, and now you're afraid that your project is spending too much money. What number tells you the difference between the amount of money you planned on spending and what you've actually spent so far on the project? A. AC B. CV C. VAC D. SV

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Question added by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.
Date Posted: 2018/08/29
Muhammad Farooq
by Muhammad Farooq , QA-QC MANAGER , AL Bawani contracting co.

Answer: BExplanation: The cost variance (CV) is the difference between the amount of money you planned on spending and the total that you've spent so far. This should make sense - if your CV is negative, it means that you've blown your budget.

Nooh Iga
by Nooh Iga , Planning Engineer , MZ Architects LLC.

B. i.e Cost Variance (CV) which is the difference between your actual expenditure and planned Expenditure.

hisham abu dagga
by hisham abu dagga , Project Manager / مدير مشاريع , مؤسسة عبدالكريم العواض للمقاولات

Thank you for the invitation

Agreed with your answer 

With greetings and appreciation

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