PMI Scheduling Professional (PMI-SP) — Question 32

Amy is working on a project which is forty percent complete though it was scheduled to be fifty percent complete as of today. Management has asked Amy to report on the schedule variance for her project. If Amy's project has a BAC of $750,000 and she has spent $485,000 to date, what is the schedule variance value?

Answer options

• A. -$75,000
• B. -$42,000
• C. -$45,000
• D. -$65,000

Correct answer: A

Explanation

The schedule variance (SV) is calculated as EV (Earned Value) minus PV (Planned Value). In this case, EV is 40% of $750,000 which equals $300,000, and PV is 50% of $750,000 which equals $375,000. Therefore, SV is $300,000 - $375,000, resulting in -$75,000. The other options do not accurately reflect the calculations based on the provided BAC and completion percentages.