PK0-005 Tools and Documentation Practice Question
A project manager notices that the actual cost (AC) is $50,000, the earned value (EV) is $45,000, and the planned value (PV) is $55,000. Which statement is true regarding schedule and cost performance?
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
✓
The project is behind schedule and over budget.
Schedule variance (SV) = EV - PV = $45,000 - $55,000 = -$10,000 (negative, behind schedule). Cost variance (CV) = EV - AC = $45,000 - $50,000 = -$5,000 (negative, over budget).
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
The project is ahead of schedule and over budget.
Why it's wrong here
EV ($45,000) is below PV ($55,000), so the project is behind schedule, not ahead. AC ($50,000) exceeds EV ($45,000), confirming it is over budget. The cost half is right, but the schedule half misreads the SV calculation.
- ✓
The project is behind schedule and over budget.
Why this is correct
With EV ($45,000) below PV ($55,000), the schedule performance index is 0.82, confirming the project is behind schedule. With EV below AC ($50,000), the cost performance index is 0.90, confirming it is over budget. Both constraints in the stem are therefore satisfied by this statement.
- ✗
The project is behind schedule and under budget.
Why it's wrong here
EV ($45,000) is below PV ($55,000), correctly indicating the project is behind schedule. However, AC ($50,000) exceeds EV ($45,000), so it is over budget, not under. The schedule half is right; the cost half misreads the CV calculation.
- ✗
The project is ahead of schedule and under budget.
Why it's wrong here
With EV ($45,000) below PV ($55,000) and AC ($50,000) exceeding EV, the project is behind schedule and over budget. This option inverts both indices. It would be true only if EV exceeded PV and AC fell below EV, which the figures contradict.
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