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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 manager is told the project has CPI = 0.75 and SPI = 0.85. Which statement best describes the project status?

    Answer: Over budget and behind schedule

    CPI < 1.0 means over budget; SPI < 1.0 means behind schedule — both metrics indicate unfavorable performance.

  2. Which technique assigns EV credit only when a work package is 100% complete?

    Answer: 0/100 method

    The 0/100 method gives no earned value credit until the work package is fully completed.

  3. The 50/50 earned value measurement method credits how much EV at the start of a work package?

    Answer: 50%

    The 50/50 rule gives 50% EV credit when the work package begins and the remaining 50% when it is completed.

  4. Which EVM component is sometimes called 'Budgeted Cost of Work Scheduled' (BCWS)?

    Answer: Planned Value (PV)

    PV was historically called BCWS — it represents the authorized budget for scheduled work up to a given point.

  5. A project's EAC is $120,000 and its BAC is $100,000. What is the VAC?

    Answer: −$20,000

    VAC = BAC − EAC = $100,000 − $120,000 = −$20,000, indicating a projected cost overrun of $20,000.

  6. Which of the following is NOT a valid method for estimating EAC?

    Answer: EV × SPI

    Multiplying EV by SPI does not produce a valid EAC formula; the three standard approaches all start from AC.

  7. During a project status meeting, the project manager reports EV = $50,000 and AC = $50,000. What can be concluded?

    Answer: The project is exactly on budget

    CV = EV − AC = $0 means the value earned exactly equals the money spent — the project is on budget at this point.