EVM Certification EVM Certification Schedule Management & Performance 2

Question 1

In EVM, Planned Value (PV) is also known by the legacy term:

Accepted Answer

Budgeted Cost of Work Scheduled (BCWS)

Answer

BCWS is the older DoD/ANSI term for Planned Value, representing the time-phased budget for scheduled work.

Question 2

What does a Schedule Performance Index (SPI) of exactly 1.0 indicate?

Accepted Answer

The project is precisely on schedule — work accomplished matches what was planned

Answer

SPI = 1.0 means EV = PV, so the team is accomplishing exactly the amount of work that was scheduled.

Question 3

Which technique for measuring earned value is most appropriate for long-duration work packages with objective milestones?

Accepted Answer

Weighted milestones

Answer

Weighted milestones assign budget to intermediate deliverables within a long work package, enabling objective progress measurement.

Question 4

What is the primary purpose of an Integrated Master Schedule (IMS) in EVM programs?

Accepted Answer

To provide the networked schedule that underpins the Performance Measurement Baseline

Answer

The IMS is the comprehensive, logic-linked schedule that forms the schedule foundation of the PMB in government and large EVM programs.

Question 5

If a project's SPI is 0.78, the most appropriate action for the project manager is to:

Accepted Answer

Analyze the root cause of the schedule slippage and develop a recovery plan

Answer

An SPI of 0.78 signals significant schedule slippage requiring root cause analysis and a formal corrective action plan.

EVM Certification Practice Test