Use This Earned Schedule Table to Determine the Schedule Variance

question 51

Multiple Choice

Use this earned schedule table to determine the schedule variance ($) for this project at the end of Month 6. $\begin{array}{l|l|l|l|l|l|l|l} & \text { Month } 1 & \text { Month 2 } & \text { Month 3 } & \text { Month 4 } & \text { Month } 5 & \text { Month 6 } & \text { Month } 7 \\\hline \mathrm{PV}(\$) & \$ 125 & \$ 275 & \$ 500 & \$ 875 & \$ 1,485 & \$ 2,325 & \$ 2,670 \\\hline \mathrm{EV}(\$) & \$ 50 & \$ 120 & \$ 255 & \$ 420 & \$ 715 & \$ 865 & \$ 0\end{array}$

• A) -$1,460
• B) -$865
• C) $865
• D) $2325

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Definitions:

Terminating Project

Refers to the process of concluding or ending a project before its natural completion, often due to failure to meet objectives, financial constraints, or external factors.

Strategic Option

This refers to choices available to a company that influence its ability to achieve corporate objectives and competitive advantage.

Bid Price

The highest price that a buyer is willing to pay for a security in the financial markets.

Strategic Options

The various paths or strategies an organization can undertake to achieve its goals and objectives.