PK0-005 Tools and Documentation Practice Question
During project execution, a team discovers that the actual cost of work performed is $45,000, the planned value is $50,000, and the earned value is $40,000. Which statement is correct?
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.
SV = EV - PV = $40,000 - $50,000 = -$10,000 (behind schedule). CV = EV - AC = $40,000 - $45,000 = -$5,000 (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 under budget.
Why it's wrong here
The schedule variance is $40,000 − $50,000 = −$10,000, so the project is behind schedule, not ahead. The cost variance is $40,000 − $45,000 = −$5,000, meaning over budget, not under. Both halves of this statement are wrong.
- ✗
The project is ahead of schedule and under budget.
Why it's wrong here
The cost variance is $40,000 − $45,000 = −$5,000, so the project is over budget, not under. The schedule variance of −$10,000 correctly indicates behind schedule, but the budget claim is false, making the whole statement incorrect.
- ✓
The project is behind schedule and over budget.
Why this is correct
Earned value of $40,000 sits below planned value of $50,000, so the schedule variance is negative and work lags. Actual cost of $45,000 exceeds earned value of $40,000, giving a negative cost variance, confirming over budget.
- ✗
The project is ahead of schedule and over budget.
Why it's wrong here
The schedule variance is $40,000 − $50,000 = −$10,000, so the project is behind schedule, not ahead. The cost variance of −$5,000 correctly shows over budget, but the schedule half is wrong, so the statement fails.
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Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This PK0-005 practice question is part of Courseiva's free CompTIA certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the PK0-005 exam.