You are the project manager of the NHQ project. Your project has a budget of $1,258,456 and is
scheduled to last for three years. Your project is currently forty percent complete though it should
be forty-five percent complete. In order to reach this point of the project, you have spent $525,000.

Management needs a performance report regarding the NHQ project. What is the planned value
for this project?

A.
$566,305

B.
$1,258,456

C.
-$54,044

D.
$503, 382

Explanation:
The planned value is the percent complete that the project should have done. In this instance, it is:
Planned value = 45% of $1,258,456 =$566,305
Answer option B is incorrect. This is the project budget.
Answer option D is incorrect. $503,382 is the earned value for this project.
Answer option C is incorrect. -$54,044 is the variance at completion for your project.