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

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Shalon

3 months ago

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

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Vonda

3 months ago

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

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Sheldon

2 months ago

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

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Argelia

2 months ago

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

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Vivienne

2 months ago

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

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Elinore

2 months ago

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

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Estrella

2 months ago

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

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Jerry

2 months ago

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

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Glenn

3 months ago

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

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Loreta

4 months ago

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

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Chaya

4 months ago

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

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Colton

3 months ago

Yeah, the cost variance is definitely the largest.

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Taryn

3 months ago

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

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Dyan

3 months ago

I think the cost variance is the largest.

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Devon

4 months ago

But the schedule variance is also significant.

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Casey

4 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.

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Cyril

2 months ago

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

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Lettie

3 months ago

But what about the schedule variance options?

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Paulina

3 months ago

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

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Ligia

3 months ago

I think the answer is C.

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Loreta

4 months ago

I think the largest variance is in cost.

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