Crucial Exams

Project Management Professional Practice Question

Midway through a 12-month construction project, the sponsor asks the project manager for a financial health check. According to the most recent earned value report, the planned value (PV) at this point is $300 000, the earned value (EV) is $250 000, and the actual cost (AC) is $275 000. Company policy requires the team to flag any variance that exceeds ±$10 000. Before deciding whether to escalate the issue, the project manager calculates the cost variance (CV). What CV should be reported to the sponsor?

  • $25 000

  • -$50 000

  • -$25 000

  • $0

Project Management Professional
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