Pmo Project Manager Interview Questions and Answers

EVM stands for Earned Value Management. PV is Planned Value, EV is Earned Value, SV is Schedule Variance, and CV is Cost Variance.

• PV (Planned Value) is the authorized budget assigned to the work that is planned to be accomplished by a specific date.

• EV (Earned Value) is the value of the work actually accomplished.

• SV (Schedule Variance) is the difference between the earned value and the planned value, indicating whether the project is ahead or behind schedule.

• CV (Cost Variance)...read more

PMO stands for Project Management Office. It is a centralized group responsible for standardizing project management practices within an organization.

• PMO provides governance and support for project management processes

• It establishes project management standards, tools, and templates

• PMO monitors and reports on project progress and performance

• It may provide training and support to project managers

• PMO helps prioritize projects and allocate resources effectively