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You are the program manager of the HNG Program. This program has a budget at completion of $2,345,900 and is expected to last two years. The program is currently 30 percent complete and you have spent
$789,000. The program is supposed to be 35 percent complete but do to some delays you're slightly behind schedule. Based on this information, what is the schedule variance (SV) of this program?
Suggested Answer: D
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12 comments · newest first
LA
Lashaun
2 months ago
I’m leaning towards C) -$284,100. The delays really impact the schedule variance.
CR
Crista
2 months ago
I think the answer is A) -$85,230. It makes sense with the numbers given.
AN
Andra
2 months ago
This question is tricky. I feel a bit confused about the calculations.
FE
Felicitas
2 months ago
This seems off, are we sure about those percentages?
VI
Vicente
3 months ago
I think the answer is A, but I'm not sure.
BE
Berry
3 months ago
Wait, how did we end up behind schedule?
MO
Monroe
3 months ago
Totally agree, it's all about the earned value!
VI
Vilma
3 months ago
SV is calculated as EV - PV, right?
ON
Ona
3 months ago
I believe the earned value is the actual cost spent so far, but I’m not sure how to relate it to the completion percentage. This one seems tricky!
LE
Lenna
3 months ago
I practiced a similar question where we had to find the schedule variance, and I think I ended up using the formula SV = EV - PV. But I'm a bit confused about the numbers here.
MA
Maryann
4 months ago
If I recall correctly, the planned value should be based on the budget at completion and the percentage of completion. So, I guess we need to calculate that first?
CA
Carylon
4 months ago
I think I remember that schedule variance is calculated by subtracting the planned value from the earned value. But I'm not entirely sure how to find those values here.