PCC Performance Monitoring & Reporting 2

Question 1

A project has a BAC of $500,000, EV of $320,000, and AC of $370,000. What is the Cost Performance Index (CPI)?

Accepted Answer

0.865

Answer

CPI = EV / AC = $320,000 / $370,000 = 0.865, indicating cost overrun.

Question 2

Which reporting technique displays cumulative planned value, earned value, and actual cost curves on a single chart?

Accepted Answer

S-curve analysis

Answer

S-curve analysis plots PV, EV, and AC cumulatively over time, showing performance trends visually.

Question 3

When SPI = 1.0 and CPI = 0.75, what is the most accurate project status description?

Accepted Answer

On schedule but over budget

Answer

SPI of 1.0 means exactly on schedule, while CPI below 1.0 indicates cost overrun.

Question 4

What does a positive Schedule Variance (SV) indicate?

Accepted Answer

The project is ahead of schedule

Answer

SV = EV - PV; a positive value means more work has been completed than was planned.

Question 5

A project manager calculates the TCPI using the remaining budget formula. Which formula is correct when EAC has been revised?

Accepted Answer

(BAC - EV) / (EAC - AC)

Answer

When using a revised EAC, TCPI = (BAC - EV) / (EAC - AC) to determine required future efficiency.

(PCC) Project Controls Certification Practice Test