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A. The project is over budget and behind schedule
B. The project is under budget and ahead of schedule
C. None of the other alternatives apply.
D. The project will be overrun but ahead of schedule at completion
E. The project is over budget and ahead of schedule
Option E is the correct choice.
Negative cost variance means that we spend more than the amount of money we earn, so we are over budget, positive schedule variance means that we earn more than we plant, so we are ahead of schedule. The correct answer is E.
The Correct Answer Option E - The Project Over Budget & Ahead of Schedule.
E. The project is over budget and ahead of schedule
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I Agree answers Option E
Cost Variance (CV) is a very important factor to measure project performance. CV indicates how much over - or under-budget the project is. CV can be calculated using the following formula: Cost Variance (CV) = Earned Value (EV) − Actual Cost(AC) OR Cost Variance (CV) = it is the difference between budgeted cost of work performed, or BCWP, and the actual cost of work performed, or ACWP (BCWP – ACWP)
Negative variance, meaning losses and shortfalls. A positive schedule variance means the project is ahead of schedule, while a negative schedule variance means that a project is behind schedule
So Answer “ E” is correct.
