EVM Certification EVM Certification Schedule Management & Performance

Question 1

What does the Schedule Variance (SV) measure in Earned Value Management?

Accepted Answer

The difference between Earned Value and Planned Value in cost terms

Answer

The number of days the project is behind or ahead of schedule

Answer

The ratio of work completed to work scheduled

Answer

The time remaining to complete all project activities

Question 2

A project has an SPI of 1.15. What does this mean?

Accepted Answer

The project is ahead of schedule, earning $1.15 of planned value for every $1.00 scheduled

Answer

The project is 15% behind its planned schedule

Answer

The project's costs are 15% higher than planned

Answer

The project will finish 15 days early

Question 3

Which EVM metric is calculated as the ratio of Earned Value to Planned Value?

Accepted Answer

Schedule Performance Index (SPI)

Answer

Cost Performance Index (CPI)

Answer

To-Complete Performance Index (TCPI)

Answer

Cost Variance (CV)

Question 4

One known limitation of the traditional SPI metric is that:

Accepted Answer

SPI converges to 1.0 at project end regardless of actual schedule performance

Answer

SPI cannot be calculated for fixed-price contracts

Answer

SPI always overstates schedule delays on long projects

Answer

SPI requires activity-level data that WBS alone cannot provide

Question 5

What is Earned Schedule (ES) designed to address compared to traditional SV and SPI?

Accepted Answer

It measures schedule performance in time units rather than cost units to avoid the convergence problem

Answer

It replaces EV with activity float to improve accuracy

Answer

It calculates the schedule variance using only critical path activities

Answer

It converts monetary SPI into calendar days automatically

Question 6

On a project, the Planned Value (PV) is $500,000 and the Earned Value (EV) is $425,000. What is the Schedule Variance?

Accepted Answer

-$75,000

Answer

+$75,000

Answer

-$75,000 and the project is ahead of schedule

Answer

+$75,000 and the project is behind schedule