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Earned Value

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1

Cost Variance (CV) in earned value management is calculated as:

A.EV − AC
B.AC − EV
C.PV − EV
D.EV ÷ AC
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2

A Schedule Variance (SV) calculated as EV − PV that is negative indicates the project is:

A.Ahead of schedule
B.Behind schedule
C.Under budget
D.Over budget
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3

If a project's Cost Performance Index (CPI) is greater than 1.0, the project is:

A.Over budget
B.Under budget
C.Behind schedule
D.Ahead of schedule
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