PK0-005 Project Management Concepts Practice Question
A project has a budget of $100,000 and a duration of 12 months. After 6 months, the project is 50% complete and has spent $60,000. What is the cost variance?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
-$10,000
Cost variance = earned value - actual cost. EV = $50,000 (50% of $100,000), AC = $60,000. CV = $50,000 - $60,000 = -$10,000.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
-$10,000
Why this is correct
CV = EV - AC = $50,000 - $60,000 = -$10,000.
- ✗
-$40,000
Why it's wrong here
Incorrect calculation.
- ✗
$10,000
Why it's wrong here
This is the absolute value, but negative indicates over budget.
- ✗
$40,000
Why it's wrong here
This is the remaining budget, not variance.
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