Project Management Professional (PMP) Practice Exam

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Study for the Project Management Professional (PMP) exam. Study with flashcards and multiple choice questions. With over 500 questions. Practice the PMP practice multiple choice questions. Updated for 2023-2025. Get ready for your exam!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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A project manager reported the following earned value data: PV: $12,400,000 EV: $14,500,000 AC: $14,500,000 What does this mean?112

The project is over budget and on schedule.
The project is under budget and on schedule
The project is on budget, but behind schedule.
The project is on budget and ahead of schedule.

The correct answer is: The project is on budget and ahead of schedule.

This means that the project is currently on budget and ahead of schedule. The earned value (EV) is greater than the planned value (PV), indicating that the project is performing better than expected. The actual cost (AC) is equal to the earned value, meaning that the project is also on budget. Options A and C can be eliminated because they both state that the project is not on schedule. Option B can be eliminated because the project is actually ahead of schedule, not under budget. Therefore, option D is the correct answer.