Cost Management Question:
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One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and:

A. Divide by SPI
B. Multiply by SPI
C. Multiply by CPI
D. Divide by CPI

Answer:

Divide by CPI

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If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)?

A. 350
B. -75
C. 400
D. -50
Estimate at completion (EAC) is a periodic evaluation of:

A. The cost of work completed
B. The value of work performed
C. The anticipated total cost at project completion
D. What it will cost to finish the job