CPP Earned Value Management 3

Question 1

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

Accepted Answer

(BAC − EV) / (BAC − AC)

Answer

TCPI (BAC) = (BAC − EV) / (BAC − AC), showing the required cost efficiency for remaining work.

Question 2

A TCPI value greater than 1.0 indicates that the project team must:

Accepted Answer

Perform remaining work more efficiently than planned

Answer

TCPI > 1 means remaining work must be done at a higher efficiency than originally planned to meet the budget target.

Question 3

On a project with BAC = $500,000, EV = $200,000, and AC = $220,000, what is the Cost Variance (CV)?

Accepted Answer

−$20,000

Answer

CV = EV − AC = $200,000 − $220,000 = −$20,000, indicating a cost overrun.

Question 4

In EVM, the Performance Measurement Baseline (PMB) is typically represented by:

Accepted Answer

The S-curve of cumulative Planned Value

Answer

The PMB is depicted as a time-phased S-curve of cumulative Planned Value against which performance is measured.

Question 5

Which EVM technique credits work as 50% complete when started and 50% when finished?

Accepted Answer

50/50 rule

Answer

The 50/50 rule assigns 50% EV at start and the remaining 50% at completion of a work package.

(CPP) Certified Project Professional Practice Test