PMP Certification Mix Questions Test 2

Question : 16 of 70

Marks: +1, -0

Assume that your actual costs are

\$

800; your planned value is

\$

1,200; and your earned value is

\$

1,000. Based on these data, what can be determined regarding your schedule variance?

At + $\$$ 200, the situation is favorable as physical progress is being accomplished ahead of your plan.
At - $\$$ 200, the physical progress is being accomplished at a slower rate than is planned, indicating an unfavorable situation.
At + $\$$ 400, the situation is favorable as physical progress is being accomplished at a lower cost than was forecasted.
At - $\$$ 200, you have a behind-schedule condition, and your critical path has slipped

Solution:

Schedule variance is calculated: EV - PV or

\$

1,000 -

\$

1,200 = -

\$

200. Because the SV is negative, physical progress is being accomplished at a slower rate than planned.

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