Cost Variance (CV) Is __________

question 2

Multiple Choice

Cost Variance (CV) is __________

• A) how much we actually spent for work completed
• B) how much we budgeted to spend at the beginning of the project
• C) how much of the budget we have left to spend on the project
• D) how much of the budget we really should have spent on the work completed so far
• E) the difference between the estimated cost and how much we have actually spent

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Definitions:

Change Competency

The ability of an individual or organization to adapt effectively to new conditions, challenges, or environments.

Technological Forces

The influences that advancements or changes in technology have on society, the economy, and individual businesses.

Competency

A combination of skills, knowledge, and behaviors that are required for effective performance in a job role.

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this behavior affects the performance of the organization.