Crucial Exams

CAPM Practice Question

You are managing a project with a total budget (Budget at Completion) of $150,000 and a planned duration of 6 months. At the end of the 3rd month, the project has incurred actual costs (AC) of $90,000. According to the project plan, 50% of the work should be completed by now, but only 40% is actually completed. What are the cost variance (CV) and schedule variance (SV) for the project at this point?

  • Cost Variance is $15,000; Schedule Variance is $30,000

  • Cost Variance is -$30,000; Schedule Variance is -$15,000

  • Cost Variance is -$15,000; Schedule Variance is -$30,000

  • Cost Variance is $30,000; Schedule Variance is $15,000

CAPM
Predictive, Plan-Based Methodologies
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