Free PMI Project Management Professional (PMP) Practice Question
A project has a total budget of $200,000. After a project review, it is found that 50% of the work is complete and the Expense Report shows $120,000. What is the Actual Cost (AC) of the project?
The Actual Cost (AC) is the total expense incurred for the work performed. In this scenario, even though the project review indicates 50% completion, the actual expense incurred as per the Expense Report is $120,000, making $120,000 the Actual Cost (AC). Other options are calculated based on misleading interpretations.
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