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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For a project, the following earned value data have been assessed: AC: $4,000,000 CV: $-500,000 SPI: 1.12 BaC: $9,650,000 What is the earned value of the project?

$3,000,000
$3,500,000
$4,480,000
$5,650,000

The correct answer is: $3,500,000

The earned value of the project can be derived by adding the actual cost (AC) and the earned value (EV). In this case, the actual cost is $4,000,000 and an unspecified earned value. We can calculate the earned value by subtracting the cost variance (CV) from the actual cost. However, the given CV is -$500,000, which means that the project is over budget. As a result, the earned value must be less than $4,000,000. Option A is incorrect because it is equal to the given actual cost. Option C does not take into account the cost variance and is therefore incorrect. Option D goes beyond the budget at $9,650,000, which is the budget at completion (BaC). The correct answer is B, $3,500,000, which takes into account the cost variance and satisfies the equation EV