TOPIC: Free PMP® Exam Sample Question of the Week

Hello everyone! Here is this week's free PMP® exam sample question from the PM Exam Simulator.

A project started on April 1st, 2013 is expected to be completed by March 31st, 2014. During a project review on September 30th, 2013 it is determined that the total Actual Cost is $17.6 Million, the total Earned Value is $12.3 Million, and the total Planned Value is $12.8 Million. How much is the Schedule Variance?

A. $5.2 Million
B. $0.5 Million
C. -$0.5 Million
D. -$4.8 Million

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HINT: SV = EV - PV

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Answer and Explanation:
The correct answer is C.

Schedule Variance = Earned Value - Planned Value = $12.3 Million - $12.8 Million = -$0.5 Million.