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Exam CAPM topic 1 question 222 discussion

Actual exam question from PMI's CAPM
Question #: 222
Topic #: 1
[All CAPM Questions]

A project has an estimated duration of 10 months with a total budget of US$220,000. At the end of the fifth month, it is estimated that at completion, the project will incur US$250,000.
If the actual cost (AC) calculated is US$150,000, what is the earned value (EV) of the project?

  • A. US$-30,000
  • B. US$120,000
  • C. US$370,000
  • D. US$400,000
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Suggested Answer: B 🗳️
by UlrichIng at Oct. 16, 2020, 2:18 p.m.

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UlrichIng
Highly Voted 3 years, 1 month ago
EAC = US$250,000. BAC = US$220,000 AC = US$150,000 EAC = AC + BAC - EV EV = AC + BAC - EAC EV = US$150,000 + US$220,000 - US$250,000 EV = US$120,000
upvoted 10 times
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Hungdv
Highly Voted 9 months, 1 week ago
Why not 132000? EAC = BAC / CPI = BAC*AC/EV => EV = BAC*AC/EAC = 220*150/250 = 132000
upvoted 5 times
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adingmaki
Most Recent 6 months, 3 weeks ago
why not 132000? Same computation with Hungdv. ChatGPT agrees with this also
upvoted 2 times
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UlrichIng
3 years, 1 month ago
So the answer is B. US$120,000
upvoted 3 times
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