CCP CCP Earned Value Management

Question 1

Which EVM metric represents the authorized budget assigned to scheduled work?

Accepted Answer

Planned Value (PV)

Answer

Earned Value (EV)

Answer

Actual Cost (AC)

Answer

Budget at Completion (BAC)

Question 2

A project has EV = $120,000 and AC = $150,000. What is the Cost Performance Index (CPI)?

Accepted Answer

0.80

Answer

1.25

Answer

1.20

Answer

0.75

Question 3

The Schedule Variance (SV) formula in Earned Value Management is:

Accepted Answer

EV - PV

Answer

PV - AC

Answer

EV - AC

Answer

BAC - EAC

Question 4

Estimate at Completion (EAC) using the formula EAC = BAC / CPI assumes:

Accepted Answer

Future work will continue at the current cost efficiency rate

Answer

Remaining work will be completed at the original budget rate

Answer

Cost overruns are non-recurring

Answer

The schedule variance will be recovered

Question 5

Which EVM baseline combines scope, schedule, and cost and is used to measure project performance?

Accepted Answer

Performance Measurement Baseline (PMB)

Answer

Cost Baseline

Answer

Schedule Baseline

Answer

Scope Baseline

Question 6

A To-Complete Performance Index (TCPI) greater than 1.0 indicates:

Accepted Answer

Future work must be performed more efficiently than past work to meet the target

Answer

The project is under budget and ahead of schedule

Answer

The project will finish under budget at the current burn rate

Answer

No corrective action is required