PCC PCC Earned Value Management 2

Question 1

Which EVM technique assigns earned value based on the percentage of work physically complete at the time of measurement?

Accepted Answer

Percent complete

Answer

The percent complete technique credits earned value proportional to the estimated percentage of work actually accomplished, requiring subjective assessment.

Question 2

A Work Breakdown Structure (WBS) is foundational to EVM because it:

Accepted Answer

Decomposes project scope into measurable work packages for budget and schedule assignment

Answer

The WBS breaks total project scope into manageable work packages, which become the basis for assigning budgets and schedules required by EVM.

Question 3

A project has EV = $400,000, AC = $380,000, and PV = $450,000. What does this data indicate?

Accepted Answer

The project is under budget but behind schedule

Answer

CV = EV − AC = +$20,000 (under budget); SV = EV − PV = −$50,000 (behind schedule), confirming the project is under budget but behind schedule.

Question 4

The Performance Measurement Baseline (PMB) in EVM is:

Accepted Answer

The approved integrated scope, schedule, and cost plan against which project performance is measured

Answer

The PMB is the time-phased budget plan integrating scope, schedule, and cost that serves as the baseline for EVM performance measurement throughout the project.

Question 5

Under ANSI/EIA-748 EVM guidelines, the Management Reserve (MR) is:

Accepted Answer

Held outside the PMB for unknown risks and authorized scope growth

Answer

Management Reserve is a budget held by management outside the PMB to address unknown-unknown risks and new authorized scope, not measurable under EVM until allocated.

(PCC) Project Controls Certification Practice Test

(PCC) Project Controls Certification Practice Test

PCC PCC Earned Value Management 2