Practice Test Geeks(CCT) Certified Cost Technician Practice Test
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Earned Value Management Flashcards

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

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  1. Which Estimate at Completion (EAC) formula is used when the current CPI is expected to continue for the remainder of the project?

    Answer: EAC = BAC / CPI

    When current cost efficiency (CPI) is expected to remain constant, EAC = BAC / CPI, projecting final cost based on how efficiently budget has been used so far.

  2. The To-Complete Performance Index (TCPI) based on BAC is calculated as:

    Answer: (BAC - EV) / (BAC - AC)

    TCPI = (BAC - EV) / (BAC - AC); it represents the cost efficiency that must be achieved on remaining work to meet the original budget.

  3. What does Variance at Completion (VAC) measure?

    Answer: The difference between BAC and the Estimate at Completion

    VAC = BAC - EAC; it projects how much over or under the original budget the project is expected to finish.

  4. If EV = $120,000 and PV = $140,000, what is the Schedule Variance (SV)?

    Answer: -$20,000

    SV = EV - PV = $120,000 - $140,000 = -$20,000, indicating $20,000 worth of planned work has not yet been completed.

  5. The Estimate to Complete (ETC) when current CPI is expected to continue is calculated as:

    Answer: ETC = (BAC - EV) / CPI

    ETC = (BAC - EV) / CPI estimates the cost to complete remaining work at the current spending efficiency rate.

  6. Actual Cost (AC) in EVM terminology is also known as:

    Answer: Actual Cost of Work Performed (ACWP)

    Actual Cost (AC) is the traditional term ACWP—Actual Cost of Work Performed—representing real expenditures incurred for completed work.

  7. A TCPI value greater than 1.0 indicates that:

    Answer: The remaining work must be performed more efficiently than current performance

    A TCPI > 1.0 means the efficiency required to complete remaining work exceeds current performance, indicating the original budget is increasingly difficult to meet.