PK0-005 Tools and Documentation Practice Question
During a project, the project manager calculates the following: Earned Value (EV) = $50,000, Planned Value (PV) = $60,000, Actual Cost (AC) = $55,000. Which statement accurately describes the project's 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 = $50,000 - $60,000 = -$10,000, indicating behind schedule. Cost Variance (CV) = EV - AC = $50,000 - $55,000 = -$5,000, indicating 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 behind schedule and over budget.
Why this is correct
EV of $50,000 against PV of $60,000 gives a negative schedule variance, so work lags the plan; EV against AC of $55,000 gives a negative cost variance, meaning spend exceeds earned value. Both indices fall below 1.0, confirming behind schedule and over budget.
- ✗
The project is ahead of schedule and under budget.
Why it's wrong here
EV of $50,000 against PV of $60,000 gives SV of -$10,000, so the project is behind schedule, not ahead; AC of $55,000 against EV gives CV of -$5,000, so it is over budget, not under. Ahead-and-under would require EV above PV and AC below EV.
- ✗
The project is ahead of schedule and over budget.
Why it's wrong here
The cost half is right: AC $55,000 above EV $50,000 gives CV of -$5,000, so over budget. The schedule half is wrong: EV $50,000 below PV $60,000 gives SV of -$10,000, so behind schedule. Ahead requires EV above PV.
- ✗
The project is behind schedule and under budget.
Why it's wrong here
The schedule half is right: EV $50,000 below PV $60,000 means behind schedule. The cost half is wrong: AC $55,000 exceeds EV $50,000, giving CV of -$5,000, so the project is over budget. Under budget requires AC below EV.
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