Question

Your schedule shows that you should be 50% complete with a project. The total cost of the project is planned to be $4 million. The actual cost (AC) of the work you have performed to date is $1.5 million.
* The budgeted cost for the work you have actually completed (EV) is $1 million.
* What is the cost variance for this project?
* $500,000
* $1 million
* -$500,000
* -$1 million