EVM EVM Forecasting and Completion Estimates 3

Question 1

Budget at Completion (BAC) represents:

Accepted Answer

The total authorized budget for the entire scope of work

Answer

The amount spent at project completion

Answer

The earned value at project completion

Answer

The forecast final cost of the project

Question 2

If a project has BAC = $1,000,000 and the final EAC = $1,200,000, what is the VAC?

Accepted Answer

-$200,000

Answer

+$200,000

Answer

$1,200,000

Answer

$800,000

Question 3

The IEAC (Independent Estimate at Completion) differs from project EAC because it is:

Accepted Answer

Calculated by an independent party or method outside the project team

Answer

Based solely on the original cost estimates

Answer

Derived only from schedule data

Answer

Calculated using the SPI formula

Question 4

Which relationship is always mathematically true in EVM?

Accepted Answer

EAC = AC + ETC

Answer

EAC = BAC + VAC

Answer

EAC = EV + ETC

Answer

EAC = PV + ETC

Question 5

At what approximate project completion percentage does the CPI typically become a reliable final cost predictor?

Accepted Answer

20%

Answer

50%

Answer

75%

Answer

10%

Question 6

If the project must complete within the original BAC, what TCPI value is required?

Accepted Answer

Greater than 1.0 when the project is currently over budget

Answer

Less than 1.0 regardless of current performance

Answer

Exactly 1.0 always

Answer

Equal to the current CPI