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PK0-005 Practice Question: Refer to the exhibit

Exhibit

Refer to the exhibit.

```
Project Status Report (Month 3 of 12)
Planned Value (PV): $500,000
Earned Value (EV): $450,000
Actual Cost (AC): $480,000
Budget at Completion (BAC): $2,000,000
```

Refer to the exhibit. What is the cost variance (CV) and schedule variance (SV)?

⚠ Common exam trap

CompTIA often tests the distinction between cost and schedule variance formulas, and the trap here is confusing which metric uses Actual Cost (AC) versus Planned Value (PV), leading candidates to swap the CV and SV calculations or misread the exhibit values.

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

✓

CV = -$30,000; SV = -$50,000

The cost variance (CV) is calculated as Earned Value (EV) minus Actual Cost (AC). From the exhibit, EV = $100,000 and AC = $130,000, so CV = $100,000 - $130,000 = -$30,000. The schedule variance (SV) is EV minus Planned Value (PV); with PV = $150,000, SV = $100,000 - $150,000 = -$50,000. Both negative values indicate the project is over budget and behind schedule.

Answer analysis

Option-by-option breakdown

For each option: why learners choose it and why it is or isn't the right answer here.

  • ✓

    CV = -$30,000; SV = -$50,000

    Why this is correct

    Correct calculations.

  • ✗

    CV = -$20,000; SV = -$20,000

    Why it's wrong here

    Incorrect.

  • ✗

    CV = -$50,000; SV = -$30,000

    Why it's wrong here

    Swapped.

  • ✗

    CV = $30,000; SV = $50,000

    Why it's wrong here

    Signs reversed.

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