Project Management Professional (PMP) Exam Practice – Question1419

If operations on a work package were estimated to cost $1,500 and finish today but, instead, have cost $1,350 and are only two-thirds complete, the cost variance is______________


A.
$150
B. -$150
C. -$350
D. -$500

Correct Answer: C

Explanation:

Explanation:
CV is calculated by EV -AC, or $1,500(2/3) -$1,350 = -$350.