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Question 7: You are tracking a project in Microsoft Office Project Standard 2007.
For the work performed to date, you need to know whether the actual cost exceeds the budget.
What should you do
A.Set the status dateto the beginning of the project, and then establish whether the earned value cost
variance (CV) is negative.
B.Set the status dateto the last status update deadline, and then compare the estimate at completion
(EAC) to the budgeted cost of work scheduled (BCWS).
C.Set the status dateto the end of the project, and then compare the actual cost of work performed
(ACWP) to the budgeted cost of work scheduled (BCWS).
D.Set the status dateto the last status update deadline, and then compare the actual cost of work
performed (ACWP) to the budgeted cost of work scheduled (BCWS).
Correct Answer: D
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