PMP Certification Mix Questions Test 1

Question : 63 of 70

Marks: +1, -0

You are using earned value progress reporting for your current project in an effort to teach your software developers the benefits of earned value. You plan to display project results on the cafeteria bulletin board so that the team knows how the project is progressing.
PV =

\$

2,200
EV =

\$

2,000
AC =

\$

2,500
BAC =

\$

10,000
According to earned value analysis, the SV and status of the project described above is______________

- $\$$ 300; the project is ahead of schedule
+ $\$$ 8,000; the project is on schedule
+ $\$$ 200; the project is ahead of schedule
- $\$$ 200; the project is behind schedule

Validate

Solution:

SV is calculated as EV - PV (in this case,

\$

2,000 -

\$

2,200). A negative variance means that the work completed is less than what was planned for at that point in the project.

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