Holly is the project manager of the NDS project and she is 85 percent complete with her project though she should be 95 percent complete. Her project has a BAC of $9,850,400 and she has spent…

Question

Options

• A$163,626
• B$130,901
• C-$985,040
• D0.16

• A
  4% (1)
• B
  4% (1)
• C
  78% (18)
• D
  13% (3)

Explanation

The schedule variance for a project can be found by subtracting the planned value from the earned value. In this instance, it would be as follows: =(0.859,850,400) - (0.959,850,400) = 8,372,840 - 9,357,880 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. Answer option B is incorrect. $130,901 is the cost variance. Answer option A is incorrect. $163,626 is the variance at completion for this project. Answer option D is incorrect. 0.16 is the difference between the schedule performance index of .84 and a perfect schedule.

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