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A. Management Contingency Reserve
B. Cost Variance
C. Schedule Variance
D. Management Overhead
My answer is for the option (B)
B. Cost Variance
see below for the definitions and websites ...
www.accountingcoach.com/blog/what-is-a-cost-variance
"Generally a cost variance is the difference between a cost's actual amount and its budgeted or planned amount. For example, if a company had actual repairs ..."
https://www.tutorialspoint.com/earn_value_management/cost_variance.htm
"Cost Variance (CV) is a very important factor to measure project performance. CV indicates how much over - or under-budget the project is. ... Cost Variance % indicates how much over - or under-budget the project is in terms of percentage."
it is Management Reserve. It can't be cost variance because the total funding wasn't based on estimated cost but on planned budget.
A. Management Contingency Reserve
Thank you for the invitation. My answer is B
Thank you for invitation. I seem option-B. Cost Variance.
Cost Variance..............................
Thank you for the invitation
option B
With the greetings and appreciation of the information
Mr.Muhammad , you could be right in general but here in this case it is Positive Cost Variance ; but it is Cost Variance nevertheless and thanks for the invitation.
I think option A because
The difference between the Cost Baseline and Funding requirement at Project completion is
Management Contingency Reserve. BAC represents the revised Cost baseline for the project. So
Management Contingency Reserve is true.
Think you for the invitation
the answer is B: Cost Variance
