Qustion on CV
Can someone please explain the below question and answer?
If EV = 50; PV = 60; AC = 55 and the current cost performance is likely to continue into the future, what is the likely variation in the overall cost at the end of the project?
Answer (b) Based on the EV and AC values, it seems that there is a 10% escalation in the cost. Given that this trend is likely to continue in the future, the project will also end up with a 10% cost escalation