PMI-SP · Question #129
You are the project manager of the NHQ project. Your project has a budget of $1,258,456 and is scheduled to last for three years. Your project is currently forty percent complete though it should be…
The correct answer is A. $566,305. The planned value is the percent complete that the project should have done. In this instance, it Planned value = 45% of $1,258,456 =$566,305 Answer option B is incorrect. This is the project budget. Answer option D is incorrect. $503,382 is the earned value for this project…
Question
You are the project manager of the NHQ project. Your project has a budget of $1,258,456 and is scheduled to last for three years. Your project is currently forty percent complete though it should be forty-five percent complete. In order to reach this point of the project, you have spent $525,000. Management needs a performance report regarding the NHQ project. What is the planned value for this project?
Options
- A$566,305
- B$1,258,456
- C-$54,044
- D$503, 382
How the community answered
(64 responses)- A70% (45)
- B9% (6)
- C16% (10)
- D5% (3)
Explanation
The planned value is the percent complete that the project should have done. In this instance, it Planned value = 45% of $1,258,456 =$566,305 Answer option B is incorrect. This is the project budget. Answer option D is incorrect. $503,382 is the earned value for this project. Answer option C is incorrect. -$54,044 is the variance at completion for your project.
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