If the actual cost for a WBS item is $1,500 and its earned value is $2,000, what is its cost

variance, and is it under or over budget?

 The cost variance is 2$500, which is over budget.

.  The cost variance is 2$500, which is under budget.

The cost variance is $500, which is over budget.

  The cost variance is $500, which is under budget.

 

.  If a project is halfway completed, its schedule performance index is 110 percent, and its cost

performance index is 95 percent, how is it progressing?

 

 

.  It is ahead of schedule and under budget.

  It is ahead of schedule and over budget.

 It is behind schedule and under budget.

  It is behind schedule and over budget.