PMI-SP · Question #283
PMI-SP Question #283: Real Exam Question with Answer & Explanation
The correct answer is B. -$56,790. The schedule variance can be found by subtracting the planned value from the earned value. In this instance, it is $170,370 minus $227,160. SV = 170,370 - 227,160 = -56,790 Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the sc
Question
Options
- A-$45,789
- B-$56,790
- CThere is not enough information to know.
- D-$30,268
Explanation
The schedule variance can be found by subtracting the planned value from the earned value. In this instance, it is $170,370 minus $227,160. SV = 170,370 - 227,160 = -56,790 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 A is incorrect. $45,789 is not a valid calculation. Answer option D is incorrect. -$30,268 is the expected variance at completion. Answer option C is incorrect. There is enough information to know.
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