Project Management Professional (PMP) Exam Practice – Question1722

Assume that your actual costs are $1,000; your planned value is $1,200; and your earned value is $1,500. Based on these data, what can be determined regarding your schedule variance?


A.
At -$300, the physical progress is being accomplished at a slower rate than is planned, indicating an unfavorable situation.
B. At +$300, the situation is favorable, as physical progress is being accomplished ahead of your plan.
C. At +$500, the situation is favorable, as physical progress is being accomplished at a lower cost than was forecasted.
D. At -$300, you have a behind-schedule condition, and your critical path has slipped.

Correct Answer: B

Explanation:

Explanation:
Schedule variance is calculated as EV -PV, or $1,500 -$1,200 = +$300. Because the SV is positive, physical progress is being accomplished at a faster rate than planned.