Oliver 75 - 5th Question

jyotimayank
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Oliver 75 - 5th Question

Postby jyotimayank Wed Mar 30, 2016 12:03 pm

Question 5. During a project, earned value analysis is performed, resulting in the following numbers:

EV: 523,000; PV: 623,000; AC: 643,000.
Which results are correct?

A. CV: +120,000; SV: +100,000
B. CV: +100,000; SV: +120,000
C. CV: -100,000; SV: -120,000
D. CV: -120,000; SV: -100,000
Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd
EsakkiMuthu
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Re: Oliver 75 - 5th Question

Postby EsakkiMuthu Wed Mar 30, 2016 7:56 pm

D
Regards
Esakki
PMI-ACP, PMP
jyotimayank
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Re: Oliver 75 - 5th Question

Postby jyotimayank Tue Apr 12, 2016 12:29 pm

EV: 523,000; PV: 623,000; AC: 643,000.
Which results are correct?


Apply the formula CV=EV - AC and SV= EV - PV
where Planned Value (PV),
Earned Value (EV),
Actual Cost (AC)
Schedule Variance (SV),
Cost Variance (CV)
So CV = 523000-643000 = -120,000

SV = 523000-632000 = -100,000

The correct answer is D
Refer to the following link for further details

http://www.izenbridge.com/blog/webinar-earned-value/
Jyoti Gupta
PMP Mentor & Coach

iZenbridge Consultancy Pvt Ltd

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