PMI Exam PMI-SP Topic 1 Question 15 Discussion

Actual exam question for PMI's PMI-SP exam

Question #: 15
Topic #: 1

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?

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

Show Suggested Answer

Suggested Answer: B

Your schedule variance is -$33,750. You can find this by using the formula earned value-

minus planned.

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.

by Gail at May 07, 2022, 04:41 AM

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