CPE CPE Performance Measurement & Reporting 1

Question 1

Earned Value (EV) in project performance measurement is defined as:

Accepted Answer

Budgeted cost of work actually performed

Answer

EV represents the budget value of completed work, providing an objective measure of physical progress independent of actual spending.

Question 2

A Schedule Performance Index (SPI) of 0.85 indicates that the project is:

Accepted Answer

Behind schedule — only 85 cents of scheduled work completed per dollar planned

Answer

SPI = EV / PV; a value below 1.0 means less work has been accomplished than was planned, indicating a schedule shortfall.

Question 3

The Estimate at Completion (EAC) formula EAC = BAC / CPI is used when:

Accepted Answer

Current cost performance is expected to continue for the remainder of the project

Answer

This EAC formula assumes the cost performance index achieved to date will persist through project completion.

Question 4

Which document formally establishes the Performance Measurement Baseline (PMB) in a CPE-managed project?

Accepted Answer

Approved cost-loaded schedule integrated with the WBS and control accounts

Answer

The PMB is the time-phased budget baseline created by integrating the WBS, schedule, and budget into measurable control accounts.

Question 5

Look-Ahead schedules in performance measurement are typically prepared for a rolling window of:

Accepted Answer

3–6 weeks

Answer

A 3-to-6-week look-ahead gives field teams actionable near-term work plans while aligning with the master schedule.

(CPE) Certified Planning Engineer Practice Test