NSE6_FVE-5.3 Exam Questions and Answers

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NEW QUESTION: 1
You are the project manager of the HQQ Project. Your project is running late by ten percent of where you should be at this time. Management is concerned and they'd like to know what your schedule variance is.
Considering that the project has a BAC of $567,899, you are thirty percent complete, and you have spent
$179,450. What is the schedule variance for this project?
A. -$45,789
B. -$30,268
C. -$56,790
D. There is not enough information to know.
Answer: C
Explanation:
Explanation/Reference:
Explanation:
The schedule variance can be found by subtracting the planned value from the earned value. In this instance, it is $170,370 minus $227,160. SV = 170,370 - 227,160 = -56,790 Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula: SV = Earned Value (EV) - Planned Value (PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.
Incorrect Answers:
A: $45,789 is not a valid calculation.
D: -$30,268 is the expected variance at completion.
C: There is enough information to know.


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