Program Management Professional (PgMP) — Question 84

You are the program manager of the HNG Program. This program has a budget at completion of $2,345,900 and is expected to last two years. The program is currently 30 percent complete and you have spent $789,000. The program is supposed to be 35 percent complete but do to some delays you're slightly behind schedule. Based on this information, what is the schedule variance (SV) of this program?

Answer options

Correct answer: D

Explanation

The schedule variance (SV) is calculated as EV - PV, where EV (earned value) is the budgeted cost for work actually completed and PV (planned value) is the budgeted cost for work scheduled. In this case, EV is 30% of $2,345,900, which equals $703,770, and PV is 35% of $2,345,900, equaling $820,065. Therefore, SV = $703,770 - $820,065 = -$116,295, which rounds to -$117,295. The other options do not reflect the correct calculations based on the provided data.