PMP Practice Question 2226

At the end of quarter 2, a project shows: PV = $150,000, EV = $165,000, AC = $160,000. Which statement is correct?

  • ✓ Correct A.Cost variance is $5,000 favorable and schedule variance is $15,000 favorable.
  • B.Cost variance is -$5,000 unfavorable and schedule variance is $15,000 favorable.
  • C.Cost variance is $10,000 favorable and schedule variance is -$15,000 unfavorable.
  • D.Cost variance is -$10,000 unfavorable and schedule variance is $5,000 favorable.

Correct answer: A

Explanation

CV = EV - AC = $165,000 - $160,000 = $5,000 (positive = favorable/under budget). SV = EV - PV = $165,000 - $150,000 = $15,000 (positive = favorable/ahead of schedule). The project is performing well on both cost and schedule dimensions.

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