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EVM Certification Cost Control & Budgeting Flashcards

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

Read the first 6 EVM Certification Cost Control & Budgeting flashcards as text

  1. What does the Budget at Completion (BAC) represent in Earned Value Management?

    Answer: The total planned cost for the entire project

    BAC is the total approved budget allocated for the entire project scope.

  2. Which formula is used to calculate the Estimate at Completion (EAC) when future work is expected to proceed at the planned rate?

    Answer: EAC = AC + (BAC - EV)

    When future performance is expected at the planned rate, EAC = AC + (BAC – EV), meaning remaining work is done at budget.

  3. A project has a CPI of 0.85. What does this indicate about the project's cost performance?

    Answer: The project is over budget — getting only $0.85 of value per dollar spent

    A CPI below 1.0 means the project is over budget, delivering less value than the money spent.

  4. What is the Variance at Completion (VAC) formula?

    Answer: VAC = BAC - EAC

    VAC = BAC – EAC shows the projected difference between the original budget and the expected final cost.

  5. On an EVM project, the Cost Variance (CV) is calculated as:

    Answer: EV minus AC

    CV = EV – AC; a positive CV means the project is under budget, while a negative CV means over budget.

  6. What is the primary purpose of the To-Complete Performance Index (TCPI)?

    Answer: To determine the cost efficiency needed to meet a financial target for remaining work

    TCPI shows the required cost efficiency ratio on all remaining work to meet the BAC or EAC target.

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  1. web.aacei.org — Eligibility, fees, passing score, retake fee, time limit, score validity, score release, test delivery, retake policy, test dates · verified Nov 2026