CAPM Earned Value Management 5

Question 1

A Control Account in EVM is best described as:

Accepted Answer

A management control point where scope, budget, and schedule are integrated and performance is measured

Answer

Control accounts are management points within the WBS where scope, budget, and schedule are integrated for EVM performance measurement.

Question 2

If a project's TCPI (based on BAC) is 1.15, what does this mean for the project team?

Accepted Answer

The remaining work must be completed at 115% efficiency to meet the original budget

Answer

TCPI of 1.15 means the team must perform 15% more efficiently on remaining work than originally planned to achieve the BAC.

Question 3

Which EVM formula provides the EAC when both CPI and SPI are expected to influence future performance?

Accepted Answer

EAC = AC + (BAC − EV) / (CPI × SPI)

Answer

EAC = AC + (BAC − EV) / (CPI × SPI) accounts for both cost and schedule efficiency in forecasting total project cost.

Question 4

The 'Level of Effort' (LOE) earned value measurement technique is typically used for:

Accepted Answer

Support and management activities that lack discrete measurable outputs

Answer

LOE is used for ongoing support activities (like project management or administrative support) where progress cannot be discretely measured.

Question 5

A project's Actual Cost (AC) is $90,000, EV is $85,000, and BAC is $120,000. Using EAC = AC + (BAC − EV), what is the EAC?

Accepted Answer

$125,000

Answer

EAC = AC + (BAC − EV) = $90,000 + ($120,000 − $85,000) = $90,000 + $35,000 = $125,000.

CAPM Practice Test