RCDD Question #164: Real Exam Question with Answer & Explanation

The correct answer is A. The project is ahead of schedule.. Schedule Variance (EV minus PV) determines whether a project is ahead of or behind its planned schedule at a given point in time.

Question

At the end of the second week of a project, the earned value (EV) of work is $8000 USd and the planned value (PV) of work is $7000 USd. What is true about the project?

Options

AThe project is ahead of schedule.
BThe project is over budget.
CThe project is behind schedule.
DThe project is under budget.

Explanation

Schedule Variance (EV minus PV) determines whether a project is ahead of or behind its planned schedule at a given point in time.

Common mistakes.

B. Over budget is a cost performance determination requiring Actual Cost (AC) data; no AC value is provided here, and PV vs EV does not measure budget status.
C. Behind schedule requires a negative SV where PV exceeds EV; here EV ($8000) is greater than PV ($7000), producing a positive variance indicating the opposite.
D. Under budget is determined by comparing EV to AC, not EV to PV; schedule variance cannot indicate budget status without actual cost data.

Concept tested. EVM schedule variance calculation and interpretation

Reference. https://www.pmi.org/learning/library/earned-value-management-systems-analysis-8026

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