The CPI of a project indicates that only 70 cents is being earned for every dollar incurred in cost. If you have burned through 35% of the project’s $10,000 budget, what is the Cost Variance?     $3,500     $2,450     -$2,450     -$1,050

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 35P
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The CPI of a project indicates that only 70 cents is being earned for every dollar incurred in cost. If you have burned through 35% of the project’s $10,000 budget, what is the Cost Variance?

   

$3,500

   

$2,450

   

-$2,450

   

-$1,050

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