In earned value management, the Variance at Completion (VAC) is calculated as:

Question

Project Management (PMP) — Hard

In earned value management, the Variance at Completion (VAC) is calculated as:

Accepted Answer

Variance at Completion (VAC) measures the difference between the budget and the expected total cost. The correct formula, BAC - EAC, calculates this variance. Other options are incorrect because they do not compare the initial budget to the revised estimate.