Della works as a Project Manager for BlueWell Inc. A number of projects are running under her guidance. You, being a team leader of a project, provide Della the performance indexes of your project…

Question

Options

• AProject is right on target.
• BProject is ahead of the schedule.
• CProject is behind the schedule.
• DCosts are higher than planned.

• A
  88% (44)
• B
  2% (1)
• C
  6% (3)
• D
  4% (2)

Explanation

According to the question, the schedule variance (SV) of the project is zero. A value of 0 indicates that the project is right on target. 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 C is incorrect. The negative SV means that project is behind the schedule. Answer option D is incorrect. This result can be drawn by looking at the cost variance (CV) of the project. Answer option B is incorrect. The positive SV depicts that the project is ahead of the planned

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