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Project Planning & Scheduling Flashcards

7 cards from real DPO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. In Earned Value Management (EVM), the Schedule Performance Index (SPI) is calculated as:

    Answer: Earned Value ÷ Planned Value

    SPI = EV ÷ PV; a value below 1.0 indicates the project is behind schedule.

  2. A DP vessel survey project has EV = $240,000 and AC = $300,000. What is the Cost Performance Index (CPI)?

    Answer: 0.80

    CPI = EV ÷ AC = $240,000 ÷ $300,000 = 0.80, indicating the project is over budget.

  3. Schedule Variance (SV) is defined as:

    Answer: Earned Value minus Planned Value

    SV = EV − PV; a negative SV means work is behind schedule relative to what was planned.

  4. If SPI = 0.90 on a DP installation project, the project is:

    Answer: 10% behind schedule

    An SPI of 0.90 means only 90 cents of planned work is being accomplished for every dollar's worth scheduled, indicating an 10% schedule slippage.

  5. The Estimate at Completion (EAC) using the CPI forecast formula is:

    Answer: BAC ÷ CPI

    EAC = BAC ÷ CPI assumes the project will continue to perform at its current cost efficiency rate.

  6. Budget at Completion (BAC) in EVM represents:

    Answer: The total authorized budget for the project

    BAC is the total approved budget assigned to the project scope and is fixed at the baseline.

  7. To Complete Performance Index (TCPI) greater than 1.0 indicates:

    Answer: Future work must be performed more efficiently than to date to meet the budget

    TCPI > 1.0 means remaining work must be done more efficiently than past performance to stay within budget.