At the end of the third week of a project, the actual cost of work performed is $7000 USd and the budgeted cost of work performed is $8000 USd. Which of the following is true?
At the end of the third week of a project, the actual cost of work performed is $7000 USd and the budgeted cost of work performed is $8000 USd. Which of the following is true?
The actual cost of work performed (ACWP) is $7000, while the budgeted cost of work performed (BCWP) is $8000. This means that the project is spending less than what was planned in the budget by $1000. Therefore, the project is under budget.
TDMM page 21-26 (1557)