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CAMOD2 Braindumps VCE
  • Exam Code: CAMOD2
  • Exam Name: CDFA CA Module 2 Exam

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NEW QUESTION: 1
You are the project manager of the GHY project. Your project has a BAC of $675,000 and is forty percent complete though you were supposed to be forty-five percent complete. Due to some errors early in the project, you had to spend $278,000 of your project's budget to reach this point. Management is asking for a variance report. What part of your project has the largest variance?
A. Cost, with a variance of $278,000
B. Schedule, with a variance of -$33,750
C. Schedule, with a variance of -$20,000
D. Cost, with a variance of -$8,000
Answer: B
Explanation:
Your schedule variance is -$33,750. You can find this by using the formula earned value-minus
planned.
Answer option C is incorrect. Cost is not the largest variance in the project.
Answer option A is incorrect. Cost is not the largest variance in the project (it is -$8,000).
Answer option D is incorrect. -$20,000 is the variance at completion for the project.

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