PMP Exam Prep Question of the Week

A project sponsor has requested information about the cost performance on a project, so you need to determine cost variance. What formula should you use?

1. AC – EV
2. EV – AC
3. EV ÷ AC
4. EV x AC

The correct answer is 2.

Answers 1 and 4 are not valid EVM formulas, and answer 3 is the formula for determining CPI.

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