PK0-003 · Question #104
The design activity of a project has the following cost attributes: PV = 100,000 EV = 20,000 AC = 90,000 Based on this scenario, calculate the schedule variance.
The correct answer is A. -80,000. Given the Planned Value (PV), Earned Value (EV), and Actual Cost (AC) for a project design activity, the task is to calculate the schedule variance.
Question
The design activity of a project has the following cost attributes:
PV = 100,000 EV = 20,000 AC = 90,000 Based on this scenario, calculate the schedule variance.
Options
- A-80,000
- B-70,000
- C10,000
- D120,000
How the community answered
(40 responses)- A78% (31)
- B8% (3)
- C3% (1)
- D13% (5)
Why each option
Given the Planned Value (PV), Earned Value (EV), and Actual Cost (AC) for a project design activity, the task is to calculate the schedule variance.
Schedule Variance (SV) is calculated as Earned Value (EV) minus Planned Value (PV). In this scenario, SV = EV - PV = 20,000 - 100,000 = -80,000. A negative schedule variance indicates that less work has been completed than planned at this point.
This value might result from incorrect calculations or misinterpreting the formula, such as EV - AC, which would be Cost Variance.
This value does not correspond to the correct schedule variance calculation using the provided figures.
This value does not correspond to the correct schedule variance calculation and might result from incorrect addition or subtraction of the given parameters.
Concept tested: Earned Value Management (EVM) - Schedule Variance calculation
Source: https://www.pmi.org/pmbok-guide-standards/foundational/pmbok/earned-value-management-calculations
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