CPE CPE Performance Measurement & Reporting 2

Question 1

In Earned Value Management (EVM), the Cost Variance (CV) is calculated as:

Accepted Answer

EV – AC

Answer

CV = EV – AC; a positive CV means the work accomplished cost less than budgeted, while a negative CV indicates a cost overrun.

Question 2

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

Accepted Answer

The remaining work must be completed more efficiently than past performance to meet the budget goal

Answer

TCPI > 1.0 indicates that future work efficiency must exceed historical efficiency to achieve the target EAC or BAC.

Question 3

Which schedule metric is best used to identify trends in float erosion over time?

Accepted Answer

Total Float Trend Analysis plotted period-over-period

Answer

Plotting total float of critical and near-critical paths over successive updates reveals whether float is being consumed faster than expected.

Question 4

A project's Baseline Execution Index (BEI) is used to measure:

Accepted Answer

The ratio of activities completed on time vs. those that were planned to be complete

Answer

BEI measures schedule execution fidelity by comparing how many activities were completed as planned vs. what the baseline required.

Question 5

The primary purpose of a project Variance Analysis Report (VAR) is to:

Accepted Answer

Document the root cause, impact, and corrective action for significant schedule or cost variances

Answer

VARs provide a structured explanation of why variances occurred and what actions will be taken to recover, forming a key control tool.

(CPE) Certified Planning Engineer Practice Test