Free PMI Project Management Professional (PMP) Practice Question
A project has a Budget at Completion (BAC) of $500,000. The current Estimate at Completion (EAC) is calculated to be $450,000. How much is the Variance at Completion (VAC) for this project?
The Variance at Completion (VAC) is calculated by subtracting the Estimate at Completion (EAC) from the Budget at Completion (BAC). In this case, VAC = BAC - EAC = $500,000 - $450,000 = $50,000. This positive value indicates that the project is expected to be under budget by $50,000. The other options provided may include common calculation errors or misunderstandings of the formula.
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