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PMBOK Earned Value Management (EVM) Questions and Answers Flashcards

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

Read the first 6 PMBOK Earned Value Management (EVM) Questions and Answers flashcards as text

  1. A project has a Budget at Completion (BAC) of $500,000. After 60% of the work is completed, the Actual Cost (AC) is $350,000. What is the Cost Performance Index (CPI)?

    Answer: 0.86

    CPI = EV / AC = $300,000 / $350,000 = 0.86, indicating the project is over budget.

  2. If a project's Schedule Performance Index (SPI) is 1.15, what does this indicate?

    Answer: The project is ahead of schedule

    An SPI greater than 1.0 means the project is earning value faster than planned, indicating it is ahead of schedule.

  3. Which EVM metric represents the authorized budget assigned to scheduled work?

    Answer: Planned Value (PV)

    Planned Value is the authorized budget assigned to work scheduled to be accomplished for a specific time period.

  4. A project manager calculates the Variance at Completion (VAC) as -$40,000. What does this mean?

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

    A negative VAC (BAC - EAC) indicates the project is expected to cost more than the original budget at completion.

  5. What is the formula for the To-Complete Performance Index (TCPI) based on the Budget at Completion?

    Answer: (BAC - EV) / (BAC - AC)

    TCPI = (BAC - EV) / (BAC - AC) measures the cost performance required to meet the BAC with remaining resources.

  6. In EVM, what does a Cost Variance (CV) of zero signify?

    Answer: The project is exactly on budget

    A CV of zero means Earned Value equals Actual Cost, so the project has spent exactly what was planned for the work completed.