CompTIA
PK0-004 · Question #201
A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is…
The correct answer is C. $4.8K and -$7K. Cost Variance = EV - AC 30000 - 25200 = 4800 30000 - 37200 = -7200
Project management concepts
Question
A sponsor requests that the project team shorten the completion of a project by two months to give the sales team more leverage in renegotiating the contract with the client. The budgeted time is 500 hours, and the projected earned value is $30,000. Which of the following represents the cost variance for both project completions?
Options
- A-$4.8K and -$7K
- B-$4.9K and $7K
- C$4.8K and -$7K
- D$4.8K and $7K
How the community answered
(50 responses)- A10% (5)
- B4% (2)
- C64% (32)
- D22% (11)
Explanation
Cost Variance = EV - AC 30000 - 25200 = 4800 30000 - 37200 = -7200
Topics
#earned value management#cost variance#EVM calculation#schedule compression
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