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CAPM · Question #525

CAPM Question #525: Real Exam Question with Answer & Explanation

The correct answer is B: A measure of schedule performance between the earned value (EV) and the planned value (PV). See the full explanation below for the reasoning.

Predictive, Plan-Based Methodologies

Question

What is the definition of schedule variance?

Options

  • AA measure of the cost variation magnitude to the original cost baseline
  • BA measure of schedule performance between the earned value (EV) and the planned value (PV)
  • CThe amount of budget deficit, expressed as the difference between earned value (EV) and the actual cost (AC)
  • DA measure of schedule efficiency expressed as the ratio of earned value (EV) to planned value (PV)

Topics

#Schedule Variance (SV)#Earned Value Management (EVM)#Project Performance Measurement#Planned Value (PV) / Earned Value (EV)

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