Exam PMI-SP topic 1 question 70 discussion

Actual exam question from PMI's PMI-SP

Question #: 70
Topic #: 1

You are the project manager of the OOI Project and you're forty percent complete with this project. The project has a BAC of $2,345,650 and you have spent
$950,000 to date. Based on your aggressive scheduling you should at the 45 percent milestone today, but due to some early delays you're running late. What is the schedule variance of your project?

A. -$29,350
B. -$117,282
C. -$938,260
D. -$11,740

Show Suggested Answer

Suggested Answer: B 🗳️
The schedule variance is the earned value minus the planned value. In this instance, it is $938,260-$1,055,543 = -$117,282. Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula: SV = Earned Value (EV) - Planned Value (PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.
Incorrect Answers:
A: This is the variance at completion.
C: This is the inverse of the earned value.
D: This is the cost variance for the project.

by Mopar at Aug. 27, 2019, 2:46 p.m.

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Amz66

2 years, 3 months ago

EV is 40% of total, so 938k

upvoted 1 times

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Mopar

5 years, 2 months ago

Shouldn't the earned value be $950,000?

upvoted 2 times

ed55bcd

8 months, 4 weeks ago

$960,000 is the Actual Cost (AC). The EV is the 40% .....

upvoted 1 times

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Exam PMI-SP topic 1 question 70 discussion

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Amz66

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