Project Management Professional (PMP) Exam Practice – Question1411

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

The CV for this project is______________


A. 300
B. -$300
C. 500
D. -$500

Correct Answer: D

Explanation:

Explanation:
CV is calculated as EV -AC (in this case, $2,000 -$2,500). A negative CV means that accomplishing work on the project is costing more than was budgeted.