New PMP Question & Answers with explanation

A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Cost Variance (CV)?

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A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Schedule Variance (SV)?

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According to EVM, which term below represents the budgeted cost of the work to be completed to date?

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According to EVM, which term below represents the outstanding amount of money required to finish the project?

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With reference to the diagram below, it can be inferred that the project is currently:


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