CPSM CPSM Project Monitoring, Control & Reporting 1

Question 1

What does the Schedule Performance Index (SPI) measure in Earned Value Management?

Accepted Answer

The ratio of Earned Value to Planned Value

Answer

SPI = EV/PV; a value greater than 1.0 means the project is ahead of schedule, while below 1.0 indicates a schedule delay.

Question 2

Which EVM metric represents the monetary value of work actually completed at a given point in time?

Accepted Answer

Earned Value (EV)

Answer

Earned Value (EV) is the budgeted cost of the work that has been completed, reflecting the value of accomplished work.

Question 3

A project has a CPI of 0.85. What does this indicate about project performance?

Accepted Answer

For every dollar spent, only 85 cents of planned value is earned

Answer

CPI = EV/AC; a CPI of 0.85 means only $0.85 of budgeted value is earned for every $1.00 actually spent, signaling a cost overrun.

Question 4

What is the most common formula for Estimate at Completion (EAC) that assumes future work continues at current cost efficiency?

Accepted Answer

EAC = BAC / CPI

Answer

EAC = BAC/CPI projects the final cost assuming the current cost performance index (CPI) will persist through project completion.

Question 5

Which baseline integrates scope, schedule, and cost to form the Performance Measurement Baseline (PMB)?

Accepted Answer

Cost Performance Baseline

Answer

The Cost Performance Baseline (PMB) integrates scope, schedule, and cost baselines and is the reference against which earned value performance is measured.

(CPSM) Certified Software Project Manager Practice Test

(CPSM) Certified Software Project Manager Practice Test

CPSM CPSM Project Monitoring, Control & Reporting 1