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When Examining a Project Budget, What Is a Cost Variance

Question 62

Multiple Choice

When examining a project budget, what is a cost variance?


A) The budgeted cost of work performed (BCWP) during a specific time period
B) The actual cost of work performed (ACWP) during a specific time period
C) The difference between budgeted cost of work performed and actual cost of that work when it is performed (BCWP-ACWP)
D) The average of the budgeted cost of work performed and actual cost of work performed
E) None of these

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