DPO Project Planning & Scheduling 3

Question 1

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

Accepted Answer

Earned Value ÷ Planned Value

Answer

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

Question 2

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

Accepted Answer

0.80

Answer

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

Question 3

Schedule Variance (SV) is defined as:

Accepted Answer

Earned Value minus Planned Value

Answer

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

Question 4

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

Accepted Answer

10% behind schedule

Answer

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.

Question 5

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

Accepted Answer

BAC ÷ CPI

Answer

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

(DPO) Dynamic Positioning Operator Exam Practice Test