Baseline & Earned Value Schedule Flashcards

The Estimate to Complete (ETC) assumes all future work will be performed at the budgeted rate. Which formula represents this?

Answer: ETC = BAC - EV

ETC = BAC - EV assumes the remaining work will be completed at the originally planned cost efficiency (CPI = 1.0).

Which of the following would NOT typically trigger a formal baseline revision?

Answer: Weekly schedule status updates

Weekly status updates reflect current performance against the baseline but do not themselves constitute a reason to change the baseline.

On a project with BAC = $500,000, EV = $200,000, and AC = $250,000, what is the CPI?

Answer: 0.80

CPI = EV / AC = $200,000 / $250,000 = 0.80, meaning only 80 cents of value is being earned per dollar spent.

A control account is the management control point in EVM where which two elements are integrated?

Answer: Scope and cost against a time-phased plan

Control accounts integrate scope and cost into a time-phased plan, enabling earned value measurement at a manageable level.

What does a Variance at Completion (VAC) of -$30,000 indicate?

Answer: The project is expected to overrun its budget by $30,000

VAC = BAC - EAC; a negative VAC means the Estimate at Completion exceeds the Budget at Completion, projecting a cost overrun.

In a time-phased budget, the cumulative Planned Value (PV) curve is commonly referred to as what shape?

Answer: S-curve

The cumulative PV baseline typically forms an S-curve, starting slow, accelerating through mid-project, and tapering near completion.

Which earned value method assigns 50% credit at start and 50% upon completion, suitable for short-duration tasks?

Answer: 50/50 rule

The 50/50 rule grants 50% earned value when work begins and the remaining 50% upon task completion, useful for activities spanning one reporting period.