Question on schedule variance

Submitted by vandana singh on Thu, 07/24/2014 - 08:38

Task A is worth $200, is 100% complete, and actually cost $200. Task B is worth $75, is 90% is complete, and actually cost $ 120 so far. Task C is worth $ 200, is 75% complete, and has cost $ 175 so far. The total budget is $ 1000. what is the schedule variance for the tasks listed

77.5
-57.5
-77.5
180

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PMP Fox

Thu, 07/24/2014 - 19:26

Here is the answer

Sv t1 = 0
Sv t2 = -7.5
Sv t3 -50

Total

MissionPMP

Thu, 07/24/2014 - 21:18

Here is my response:
1. Task A is worth $200 & is 100% complete. SO EV of task A is $200 & PV is $200. Therefore, SV(A) = 0
2. Task B is worth $75 and is 90% complete. So EV of task B is 67.5 (90% of 75) & PV is 75. Therefore, SV(B) = -7.5
3. Task C is worth $200 and is 75% complete. So EV of task B is 150 (75% of 200) & PV is $200. Therefore SV(C) = -50

Total EV of all three tasks = addition of SV(A) = SV(B) + SV(C) = -57.5

Vandana,
Note that actual cost of three tasks and the total budget mentioned in the problem is superfluous information deliberately given to confuse you - hallmark of a typical PMP question. Hope it helps....

MissionPMP

Thu, 07/24/2014 - 21:20

Here is my response:
1. Task A is worth $200 & is 100% complete. SO EV of task A is $200 & PV is $200. Therefore, SV(A) = 0
2. Task B is worth $75 and is 90% complete. So EV of task B is 67.5 (90% of 75) & PV is 75. Therefore, SV(B) = -7.5
3. Task C is worth $200 and is 75% complete. So EV of task B is 150 (75% of 200) & PV is $200. Therefore SV(C) = -50

Total EV of all three tasks = addition of SV(A) + SV(B) + SV(C) = -57.5

Vandana,
Note that actual cost of three tasks and the total budget mentioned in the problem is superfluous information deliberately given to confuse you - hallmark of a typical PMP question. Hope it helps....

PMP Fox

Fri, 07/25/2014 - 06:23

The extra money might management reserve.