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PMI-SP Exam - Topic 1 Question 15 Discussion

You are the project manager of the GHY project. Your project has a BAC of $675,000 and is forty percent complete though you were supposed to be forty-five percent complete. Due to some errors early in the project, you had to spend $278,000 of your project's budget to reach this point. Management is asking for a variance report. What part of your project has the largest variance?
B) Schedule, with a variance of -$33,750
A) Cost, with a variance of -$8,000
C) Cost, with a variance of $278,000
D) Schedule, with a variance of -$20,000

PMI-SP Exam - Topic 1 Question 15 Discussion

Actual exam question for PMI's PMI-SP exam
Question #: 15
Topic #: 1
[All PMI-SP Questions]

You are the project manager of the GHY project. Your project has a BAC of $675,000 and is forty percent complete though you were supposed to be forty-five percent complete. Due to some errors early in the project, you had to spend $278,000 of your project's budget to reach this point. Management is asking for a variance report. What part of your project has the largest variance?

Show Suggested Answer Hide Answer
Suggested Answer: B

Your schedule variance is -$33,750. You can find this by using the formula earned value-

minus planned.

Answer option C is incorrect. Cost is not the largest variance in the project.

Answer option A is incorrect. Cost is not the largest variance in the project (it is -$8,000).

Answer option D is incorrect. -$20,000 is the variance at completion for the project.


by Gail at May 07, 2022, 04:41 AM

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Willie
10 months ago
Totally agree, the schedule is the biggest issue!
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Kelvin
11 months ago
Wait, how did it get that far off schedule?
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Glory
11 months ago
I think the cost variance is more significant, $278,000!
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Cecily
11 months ago
Definitely a schedule variance here, -$33,750.
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Elouise
11 months ago
The BAC is $675,000 and you're at 40% completion.
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Arminda
11 months ago
I think the answer might be B, but I’m not entirely confident. The numbers seem tricky, especially with the budget spent already.
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Blondell
11 months ago
I feel like the cost variance is also important, but I can't recall if it's supposed to be negative or positive in this case.
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Luz
11 months ago
I think the schedule variance is more significant since we're behind on our completion percentage. I practiced a similar question where the schedule was the main issue.
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Layla
11 months ago
I remember we calculated variances in class, but I'm not sure how to apply it here. Is it just about the budget or the schedule too?
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Theresia
12 months ago
I'm a bit confused on the details of the Logic Centralization and Contract Centralization patterns. I'll need to review those before I can confidently answer this.
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Carmen
12 months ago
Sales Insights looks like the best option here. It's designed to help sales teams work together and share customer information.
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Corinne
12 months ago
Okay, I think I've got a handle on this. The key benefits of the Import DRM feature seem to be the ability to import hierarchies, preview data before merging, and automate the process. I'll make sure to highlight those points in my answer.
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Annabelle
12 months ago
Hmm, I'm a bit confused on this one. I know PolarDB is a cloud-based database service, but I'm not sure which specific engines it supports. I'll have to think this through carefully.
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