C. Actual cost
Explanation:
To calculate cost variance, you need to compare the actual cost incurred with the planned or budgeted cost.
Cost variance = Actual cost - Planned value
The other options are not directly involved in the calculation itself:
Contingency analysis is used to identify potential risks and allocate reserves.
Expert judgment is a qualitative technique often used in estimating.
Reviewing lessons learned is helpful for future projects but doesn't provide data for the current calculation.
Therefore, actual cost is the essential data point for determining cost variance.
upvoted 1 times
...
Log in to ExamTopics
Sign in:
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.
Upvoting a comment with a selected answer will also increase the vote count towards that answer by one.
So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.
Vangelis_1980
1 month, 3 weeks ago