EVM EVM Forecasting and Completion Estimates

Question 1

What does EAC stand for in EVM?

Accepted Answer

Estimate at Completion

Answer

Earned at Completion

Answer

Expenditure at Completion

Answer

Expected Actual Cost

Question 2

The most commonly used EAC formula, assuming current CPI will continue, is:

Accepted Answer

BAC / CPI

Answer

AC + (BAC - EV)

Answer

AC + (BAC - EV) / CPI

Answer

AC + ETC

Question 3

ETC stands for which EVM term?

Accepted Answer

Estimate to Complete

Answer

Earned to Complete

Answer

Expected Time to Completion

Answer

Estimated Total Cost

Question 4

Variance at Completion (VAC) is calculated as:

Accepted Answer

BAC - EAC

Answer

EAC - BAC

Answer

BAC - AC

Answer

EV - EAC

Question 5

If BAC = $500,000 and CPI = 0.80, what is the EAC using the CPI-based formula?

Accepted Answer

$625,000

Answer

$400,000

Answer

$580,000

Answer

$500,000

Question 6

The formula EAC = AC + (BAC - EV) assumes:

Accepted Answer

Remaining work will be performed at the originally budgeted rate

Answer

Remaining work will be performed at the current CPI rate

Answer

Remaining work will be performed at the combined CPI × SPI rate

Answer

The original estimate was fundamentally flawed