PMI-SP · Question #101
Allen works as a project manager of the NHY project. This project is scheduled to last for two years and has a BAC of $5,400,000. He is currently 45 percent complete with this project, though he is…
The correct answer is D. - $270,000. The schedule variance can be found by subtracting the planned value from the earned value. In this instance, it is EV = (0.45 5,400,000) PV = (0.50 5,400,000) = 2,430,000 - 2,700,000 Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies…
Question
Allen works as a project manager of the NHY project. This project is scheduled to last for two years and has a BAC of $5,400,000. He is currently 45 percent complete with this project, though he is supposed to be at his second milestone, which accounts for half of the project completion. There have been some errors in the project, which have caused Allen to spend $2,093,754. What is this project's schedule variance?
Options
- A
- $210,000
- B
- $720,000
- C
- $250,000
- D
- $270,000
How the community answered
(48 responses)- A4% (2)
- B8% (4)
- C17% (8)
- D71% (34)
Explanation
The schedule variance can be found by subtracting the planned value from the earned value. In this instance, it is EV = (0.45 * 5,400,000) PV = (0.50 * 5,400,000) = 2,430,000 - 2,700,000 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.
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