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PMI-SP - Earned Value Management (EVM)
Expert
1/5
In a multi-year construction project, if Cost Variance (CV) shows +$50,000 in Q1, +$30,000 in Q2, and -$20,000 in Q3, while actual costs remain stable, what is the most probable explanation?
a.
The project team has implemented extensive resource optimization techniques that reduced overall performance
b.
Changes in material prices have impacted the project's cost performance measurements
c.
The earned value is decreasing due to reduced productivity in project execution
d.
The baseline budget calculations were adjusted to reflect seasonal variations in project costs
Expert