PMI Exam PMI-SP Topic 5 Question 91 Discussion

Actual exam question for PMI's PMI-SP exam

Question #: 91
Topic #: 5

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 Stephaine at Sep 14, 2024, 11:09 PM

Limited Time Offer

25%

Off

Get Premium PMI-SP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Shalon

2 months ago

I'm going with C. The cost variance of $278,000 is definitely the largest and most significant issue here.

upvoted 0 times

...

Vonda

2 months ago

Haha, this is like a trick question! I bet the project manager is sweating bullets trying to figure this out.

upvoted 0 times

Sheldon

8 days ago

Vivienne: That would make sense, covering all bases for the variance report.

upvoted 0 times

...

Argelia

9 days ago

User 3: Maybe it's both, cost with a variance of $278,000 and schedule with a variance of -$33,750.

upvoted 0 times

...

Vivienne

10 days ago

User 2: No, I believe it's in schedule, with a variance of -$33,750.

upvoted 0 times

...

Elinore

24 days ago

C) Cost, with a variance of $278,000

upvoted 0 times

...

Estrella

25 days ago

B) Schedule, with a variance of -$33,750

upvoted 0 times

...

Jerry

29 days ago

User 1: I think the largest variance is in cost, with a variance of $278,000.

upvoted 0 times

...

Glenn

1 months ago

A) Cost, with a variance of -$8,000

upvoted 0 times

...

Loreta

2 months ago

True, but the cost variance of $278,000 is the biggest issue here.

upvoted 0 times

...

Chaya

2 months ago

Hmm, I'm not sure. The schedule variance seems important too. Maybe B is the right answer?

upvoted 0 times

Colton

1 months ago

Yeah, the cost variance is definitely the largest.

upvoted 0 times

...

Taryn

1 months ago

I agree, option C shows a variance of $278,000.

upvoted 0 times

...

Dyan

2 months ago

I think the cost variance is the largest.

upvoted 0 times

...

Devon

2 months ago

But the schedule variance is also significant.

upvoted 0 times

...

Casey

2 months ago

I think the answer is C. The question states the project has spent $278,000 of the budget, which is a cost variance.

upvoted 0 times

Cyril

1 months ago

The schedule variance options are negative, so they can't be the largest.

upvoted 0 times

...

Lettie

1 months ago

But what about the schedule variance options?

upvoted 0 times

...

Paulina

2 months ago

I agree, it makes sense that the cost variance would be the largest.

upvoted 0 times

...

Ligia

2 months ago

I think the answer is C.

upvoted 0 times

...

Loreta

3 months ago

I think the largest variance is in cost.

upvoted 0 times

...