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
SV is negative, so behind schedule.
- ✓
The project is behind schedule and over budget.
Why this is correct
SV = -$10,000 (behind schedule), CV = -$5,000 (over budget).
- ✗
The project is behind schedule and under budget.
Why it's wrong here
CV is negative, so over budget.
- ✗
The project is ahead of schedule and under budget.
Why it's wrong here
SV is negative, so behind schedule; CV is negative, so over budget.
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