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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. Which EVM technique assigns 100% credit only when a work package is fully complete?

    Answer: 0/100 rule

    The 0/100 rule credits no earned value until the work package is 100% complete, eliminating partial-credit subjectivity.

  2. A project manager finds that the TCPI based on EAC is significantly lower than the TCPI based on BAC. What does this suggest?

    Answer: The revised EAC is higher than BAC, giving more budget for remaining work

    When EAC > BAC, TCPI (EAC) < TCPI (BAC) because the denominator (remaining budget) is larger, making the efficiency target easier to achieve.

  3. Control accounts in EVM are management control points where:

    Answer: Scope, budget, and schedule are integrated and performance is measured

    Control accounts sit at WBS nodes where scope, budget, actual costs, and schedule are integrated for performance measurement purposes.

  4. A project reports EV = $120,000, PV = $100,000, and AC = $130,000. Which statement is correct?

    Answer: The project is ahead of schedule but over budget

    SV = EV - PV = +$20,000 (ahead of schedule); CV = EV - AC = -$10,000 (over budget).

  5. Which of the following is an example of a 'discrete effort' work package in EVM?

    Answer: Developing a software module with measurable deliverables

    Discrete effort has a specific output or deliverable and can be directly planned and measured, unlike level-of-effort or apportioned effort.

  6. A project manager is using a fixed-formula method of 25/75 for a two-month work package. How much EV is credited at the start of month one?

    Answer: 25% of the work package budget

    The 25/75 fixed-formula rule credits 25% of budget upon start and the remaining 75% upon completion, regardless of actual work done in between.

  7. When comparing EVM-based forecasts to independent bottom-up estimates at completion (BAC), a project manager should:

    Answer: Use the comparison to validate forecast reasonableness and investigate large discrepancies

    PMBOK recommends comparing EVM forecasts against independent estimates to check reasonableness; large gaps warrant investigation into assumptions.