PMBOK Earned Value Management (EVM) 5

Question 1

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

Accepted Answer

0/100 rule

Answer

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

Question 2

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

Accepted Answer

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

Answer

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

Question 3

Control accounts in EVM are management control points where:

Accepted Answer

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

Answer

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

Question 4

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

Accepted Answer

The project is ahead of schedule but over budget

Answer

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

Question 5

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

Accepted Answer

Developing a software module with measurable deliverables

Answer

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

PMBOK - Project Management Body of Knowledge Practice Test