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Earned Value Management (EVM) Flashcards

7 cards from real PMBOK practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. A project has EAC of $620,000 and BAC of $580,000. What does this indicate?

    Answer: The project is expected to finish $40,000 over budget

    When EAC > BAC, the project is forecasted to exceed its original budget; VAC = BAC - EAC = -$40,000.

  2. Which EVM formula should a project manager use when the current cost variance is expected to continue throughout the project?

    Answer: EAC = BAC / CPI

    EAC = BAC / CPI is used when current performance trends (cost inefficiencies) are expected to persist for the remainder of the project.

  3. In EVM, the term 'Planned Value' (PV) is also known as:

    Answer: Budgeted Cost of Work Scheduled (BCWS)

    PV was historically called BCWS (Budgeted Cost of Work Scheduled) in older EVM literature and represents the authorized budget for scheduled work.

  4. A TCPI of 1.15 based on EAC indicates:

    Answer: The remaining work must be done 15% more efficiently than planned

    TCPI > 1.0 means you need better-than-planned cost efficiency on remaining work to meet the target (EAC in this case).

  5. When would a project manager most likely report SPI as misleading near project completion?

    Answer: SPI approaches 1.0 at project end regardless of actual schedule performance

    As projects near completion, EV converges toward BAC and PV converges toward BAC, causing SPI to approach 1.0 even if the project is late.

  6. A project manager calculates ETC as EAC - AC. This approach assumes:

    Answer: Future work will proceed at the efficiency implied by the EAC forecast

    ETC = EAC - AC derives remaining effort directly from the forecasted final cost, inheriting whatever assumptions went into the EAC.

  7. Which of the following is NOT a component of the Earned Value Management baseline?

    Answer: Quality baseline

    EVM relies on the integrated scope, cost, and schedule baselines (the 'triple constraint' baselines); quality has a separate management plan but is not an EVM baseline component.