1. You have a construction project and plan to do 20% of the work each week. The project is scheduled to take five weeks and costs $80,000 in total. After three weeks, 50% of the work has been completed, and $50,000 has been spent. What is the schedule variance for this project? (SV)

A) + $8,000; ahead of schedule

B) + $8,000; behind schedule

C) - $8,000; ahead of schedule

D) - $8,000; behind of schedule

2. Planned project length: 6 months

Time worked to date: 3 months

Project cost (BAC): $120,000

Actual cost (AC): $55,000

Planned percent of project complete: 50%

Actual percent of project complete: 35%

Which of the following statements is True?

A) Project is 20% behind schedule

B) Project is 30% ahead of schedule

C) Schedule variance for this project is negative $18,000

D) Earned value for this project is $9000

3. The customer has a budget of $5,000 for an upcoming IT project which includes:

Software expenses: $200

Operating costs: $500

Service costs: $2500

Calculate the return on investment for this IT project.

A) 25%

B) 42%

C) 36%

D) 10%