PMBOK PMBOK Earned Value Management (EVM) Questions and Answers 3

Question 1

A project has EV = $200,000, PV = $250,000, and AC = $220,000. What is the Schedule Variance (SV)?

Accepted Answer

-$50,000

Answer

$50,000

Answer

-$20,000

Answer

$30,000

Question 2

Which Estimate at Completion (EAC) formula assumes future work will be performed at the budgeted rate?

Accepted Answer

EAC = AC + (BAC - EV)

Answer

EAC = BAC / CPI

Answer

EAC = AC + (BAC - EV) / (CPI × SPI)

Answer

EAC = AC + Bottom-Up ETC

Question 3

If a project's CPI is 0.90 and the BAC is $1,000,000, what is the EAC using the cumulative CPI method?

Accepted Answer

$1,111,111

Answer

$900,000

Answer

$1,100,000

Answer

$1,000,000

Question 4

What does a TCPI value greater than 1.0 indicate when calculated against BAC?

Accepted Answer

The remaining work must be performed more efficiently than planned to stay within budget

Answer

The project is currently under budget

Answer

The project will finish under the original budget

Answer

Past performance has been better than planned

Question 5

Which EVM indicator is considered the most reliable early predictor of final project cost?

Accepted Answer

Cumulative CPI

Answer

Schedule Variance (SV)

Answer

Schedule Performance Index (SPI)

Answer

Planned Value (PV)

Question 6

A project has BAC = $800,000, EV = $400,000, AC = $500,000, and CPI = 0.80. Using the CPI-based EAC, what is the Estimate to Complete (ETC)?

Accepted Answer

$500,000

Answer

$400,000

Answer

$300,000

Answer

$600,000