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

    Answer: -$50,000

    SV = EV - PV = $200,000 - $250,000 = -$50,000, meaning the project is behind schedule.

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

    Answer: EAC = AC + (BAC - EV)

    EAC = AC + (BAC - EV) assumes the remaining work will be completed at the original budgeted rate regardless of past performance.

  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?

    Answer: $1,111,111

    EAC = BAC / CPI = $1,000,000 / 0.90 = $1,111,111, projecting the final cost based on current cost efficiency.

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

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

    A TCPI greater than 1.0 means the project must achieve better cost efficiency on remaining work than what the budget allows, which is harder to accomplish.

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

    Answer: Cumulative CPI

    Research shows that cumulative CPI stabilizes early in a project and reliably forecasts the final cost outcome.

  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)?

    Answer: $500,000

    EAC = BAC / CPI = $800,000 / 0.80 = $1,000,000; ETC = EAC - AC = $1,000,000 - $500,000 = $500,000.