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!

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A project was assessed and the following earned value data have been found: PV: $750,000 EV: $750,000 AC: $900,000 What is the burn rate of the project?

1.20
1.10
1.00
0.83

The correct answer is: 1.20

Explanation The burn rate represents the rate at which the project is spending its budget. It is calculated by dividing the EV (earned value) by the AC (actual cost), which gives us $750,000/$900,000 = 0.83. However, the burn rate is typically expressed as a percentage, so we have to multiply the result by 100 to get 83%. Option A (1.20) is the closest to this result, but it is incorrect as it represents the inverse of the burn rate. Options B (1.10) and C (1.00) are also incorrect as they do not accurately represent the burn rate calculation. Option D (0.83) is the correct numerical value, but since the question is asking for the burn rate and not the numerical value, it is also incorrect.