Another Indicator of Cost Performance Is Cost Variance (CV)

question 74

Multiple Choice

Another indicator of cost performance is cost variance (CV) .If the cumulative earned value is greater than the cumulative actual costs, then

• A) the CV is positive.
• B) the CV is equal to the TBC.
• C) CV cannot be determined with CEV and CAC.
• D) the CV is negative.

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Intrinsically Imperfect

Suggests that something has inherent flaws or limitations, emphasizing the idea that imperfection is a fundamental aspect of its nature.

Imperfectible

The belief that it is impossible to achieve perfection or complete improvement in the human condition.

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