CST Cost-Loaded Schedule Integration 3

Question 1

Which EVM metric directly measures cost efficiency — the value of work accomplished per dollar spent?

Accepted Answer

Cost Performance Index (CPI)

Answer

CPI = EV ÷ AC, and a value below 1.0 means the project is spending more than the value of work it is completing.

Question 2

When integrating a cost-loaded schedule with an owner's payment application process, which document links schedule percent-complete to invoiced amounts?

Accepted Answer

The Schedule of Values (SOV)

Answer

The Schedule of Values breaks the contract sum into line items tied to work activities, enabling percent-complete calculations to drive progress billings.

Question 3

A scheduler is asked to 'level the cost-loaded S-curve.' What adjustment is most likely being requested?

Accepted Answer

Smoothing spending peaks and valleys by shifting non-critical activities within float

Answer

Cost-curve leveling shifts float-containing activities to spread spending more evenly, reducing financing costs and resource spikes.

Question 4

In Earned Value Management, what does the acronym BCWP stand for?

Accepted Answer

Budgeted Cost of Work Performed

Answer

BCWP (now called Earned Value) represents the budgeted value of work actually completed, the central metric of EVM performance measurement.

Question 5

A cost-loaded schedule baseline is formally revised through what process?

Accepted Answer

An authorized re-baseline or baseline change request approved through change control

Answer

Baseline revisions require formal change control authorization to maintain the integrity of the performance measurement baseline.

(CST) Certified Scheduling Technician Practice Test

(CST) Certified Scheduling Technician Practice Test

CST Cost-Loaded Schedule Integration 3