Question:

A project manager is about to hold a status meeting for a project which is currently 75% complete and reaching its most critical point. Because the project sponsor would like to attend this meeting and want to see the latest performance updates, the project manager has decided to update the earned value calculations to determine what his boss desires. Given that the budget at completion (BAC) is set at $550,000, and the current estimate at completion (EAC) is at $525,000. What variance at completion (VAC) value will the project manager report to the sponsor?