Practice Test GeeksCAPM Practice Test
← All CAPM Flashcard Decks

Earned Value Management Flashcards

7 cards from real CAPM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Earned Value Management flashcards as text

  1. A project has a Budget at Completion (BAC) of $100,000 and is 60% complete. The Planned Value (PV) is $70,000 and the Actual Cost (AC) is $65,000. What is the Earned Value (EV)?

    Answer: $60,000

    EV = BAC × % complete = $100,000 × 0.60 = $60,000.

  2. Which EVM metric directly measures the efficiency of the budget used for the work performed?

    Answer: Cost Performance Index (CPI)

    CPI = EV / AC measures how efficiently the budget is being spent relative to the work accomplished.

  3. A project has EV = $40,000 and PV = $50,000. What does this indicate?

    Answer: The project is behind schedule

    SV = EV − PV = $40,000 − $50,000 = −$10,000, indicating the project is behind schedule.

  4. What does an SPI of 1.2 indicate about a project?

    Answer: The project is 20% ahead of schedule

    SPI = EV / PV; an SPI > 1.0 means the project is progressing faster than planned.

  5. The Estimate to Complete (ETC) represents which of the following?

    Answer: Expected cost to finish remaining project work

    ETC is the expected cost needed to complete all remaining project work from the current point forward.

  6. If BAC = $200,000 and CPI = 0.8, what is the Estimate at Completion (EAC) using the typical EAC formula?

    Answer: $250,000

    EAC = BAC / CPI = $200,000 / 0.8 = $250,000, assuming future work continues at the current cost efficiency.

  7. Which of the following best defines the Performance Measurement Baseline (PMB)?

    Answer: The approved integrated scope-schedule-cost plan used to measure project performance

    The PMB is the approved time-phased plan integrating scope, schedule, and cost against which project execution is compared.