Budget


Project Management Project cost management Public New

Easy 

5min

A project you are managing had a starting budget of 180,000 USD and an expected duration of 1 year and 3 months. The work and budget are spread equally over the duration.

You are currently 8 months into the project, the work is on schedule, and so far you have spent 102,000 USD.

What is the cost variance of the project?

6,000 USD.
-6,000 USD.
-25,000 USD.
25,000 USD.
-78,000 USD.
78.000 USD