EVM EVM Performance Metrics and Indices 3

Question 1

A negative Cost Variance (CV) of -$75,000 means:

Accepted Answer

The project has spent $75,000 more than the value earned

Answer

The project has earned $75,000 more than spent

Answer

The project is behind schedule by $75,000 worth of work

Answer

The project will overrun by exactly $75,000 at completion

Question 2

Which index is considered the best predictor of final project cost performance?

Accepted Answer

CPI

Answer

SPI

Answer

TCPI

Answer

SV

Question 3

TCPI based on EAC is calculated as:

Accepted Answer

(BAC - EV) / (EAC - AC)

Answer

(EAC - EV) / (BAC - AC)

Answer

(BAC - AC) / (EAC - EV)

Answer

(EV - AC) / (EAC - BAC)

Question 4

A project has CV = +$30,000 and SV = -$20,000. How would you characterize this project?

Accepted Answer

Under budget but behind schedule

Answer

Over budget and behind schedule

Answer

Under budget and ahead of schedule

Answer

Over budget but ahead of schedule

Question 5

The Percent Schedule Variance (%SV) is expressed as:

Accepted Answer

(SV / PV) × 100

Answer

(SV / EV) × 100

Answer

(SV / BAC) × 100

Answer

(SV / AC) × 100

Question 6

Which EVM metric is expressed in currency units rather than as a ratio?

Accepted Answer

CV (Cost Variance)

Answer

CPI (Cost Performance Index)

Answer

SPI (Schedule Performance Index)

Answer

TCPI (To-Complete Performance Index)