EVM EVM Performance Metrics and Indices

Question 1

What is the formula for Cost Performance Index (CPI)?

Accepted Answer

EV / AC

Answer

AC / EV

Answer

EV / PV

Answer

PV / AC

Question 2

A project has a CPI of 0.78. What does this indicate?

Accepted Answer

The project is over budget by 22 cents for every dollar spent

Answer

The project is under budget by 22 cents for every dollar spent

Answer

The project is ahead of schedule by 22%

Answer

The project is behind schedule by 22%

Question 3

What does the Schedule Performance Index (SPI) measure?

Accepted Answer

Efficiency of scheduled time utilization

Answer

Efficiency of budget utilization

Answer

Ratio of actual cost to planned cost

Answer

Ratio of actual schedule to planned schedule in days

Question 4

A project reports SPI = 1.15. What does this mean?

Accepted Answer

The project is ahead of schedule

Answer

The project is behind schedule

Answer

The project is over budget

Answer

The project is under budget

Question 5

The To-Complete Performance Index (TCPI) based on BAC is calculated as:

Accepted Answer

(BAC - EV) / (BAC - AC)

Answer

(BAC - AC) / (BAC - EV)

Answer

EV / AC

Answer

(EAC - AC) / (BAC - EV)

Question 6

Schedule Variance (SV) is calculated as:

Accepted Answer

EV - PV

Answer

PV - EV

Answer

EV - AC

Answer

AC - EV