PMI-SP · Question #270
You are the project manager of the GHY project. Your project has a BAC of $675,000 and is forty percent complete though you were supposed to be forty-five percent complete. Due to some errors early…
The correct answer is B. Schedule, with a variance of -$33,750. Your schedule variance is -$33,750. You can find this by using the formula earned value-minus Answer option C is incorrect. Cost is not the largest variance in the project. Answer option A is incorrect. Cost is not the largest variance in the project (it is -$8,000). Answer…
Question
You are the project manager of the GHY project. Your project has a BAC of $675,000 and is forty percent complete though you were supposed to be forty-five percent complete. Due to some errors early in the project, you had to spend $278,000 of your project's budget to reach this point. Management is asking for a variance report. What part of your project has the largest variance?
Options
- ACost, with a variance of -$8,000
- BSchedule, with a variance of -$33,750
- CCost, with a variance of $278,000
- DSchedule, with a variance of -$20,000
How the community answered
(66 responses)- A24% (16)
- B56% (37)
- C6% (4)
- D14% (9)
Explanation
Your schedule variance is -$33,750. You can find this by using the formula earned value-minus Answer option C is incorrect. Cost is not the largest variance in the project. Answer option A is incorrect. Cost is not the largest variance in the project (it is -$8,000). Answer option D is incorrect. -$20,000 is the variance at completion for the project.
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