EVM Certification Forecasting & Estimates at Completion

Question 1

Which EAC formula assumes all remaining work will be completed at the current Cost Performance Index (CPI)?

Accepted Answer

EAC = BAC / CPI

Answer

EAC = AC + (BAC - EV)

Answer

EAC = AC + ETC

Answer

EAC = BAC - VAC

Question 2

In EVM terminology, what does ETC (Estimate to Complete) represent?

Accepted Answer

Expected cost needed to complete all remaining project work

Answer

Total money spent on the project to date

Answer

Total remaining budget from the original plan

Answer

Difference between BAC and planned value

Question 3

What is the formula for Variance at Completion (VAC)?

Accepted Answer

VAC = BAC - EAC

Answer

VAC = EV - AC

Answer

VAC = PV - EV

Answer

VAC = BAC - AC

Question 4

A project has BAC = $200,000, EV = $80,000, and AC = $100,000. What is the EAC using the CPI-based formula?

Accepted Answer

$250,000

Answer

$180,000

Answer

$220,000

Answer

$240,000

Question 5

Which EAC formula is considered the most optimistic because it assumes future work is completed at the original planned rate?

Accepted Answer

EAC = AC + (BAC - EV)

Answer

EAC = BAC / CPI

Answer

EAC = AC + (BAC - EV) / CPI

Answer

EAC = AC + (BAC - EV) / (CPI x SPI)

Question 6

What does TCPI > 1.0 indicate about a project's future performance requirement?

Accepted Answer

The project must perform more efficiently than current CPI to meet the cost target

Answer

The project is currently ahead of schedule

Answer

The project has already exceeded its total budget

Answer

Future work requires less effort than originally planned

Question 7

What is the standard formula for calculating ETC from a known EAC?

Accepted Answer

ETC = EAC - AC

Answer

ETC = BAC - EV

Answer

ETC = EAC - EV

Answer

ETC = BAC - AC