EVM Certification Schedule Management & Performance Flashcards

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

Answer: Budgeted Cost of Work Scheduled (BCWS)

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

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

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

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

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

Answer: Weighted milestones

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

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

Answer: To provide the networked schedule that underpins the Performance Measurement Baseline

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

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

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

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

In EVM terminology, what does 'statusing the schedule' mean?

Answer: Updating percent complete and actual dates on activities to reflect current progress

Statusing involves entering actual start/finish dates and percent complete into the schedule so EV can be accurately calculated.