Practice Test Geeks(PMI-SP) PMI Scheduling Professional Practice Test
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Earned Value Flashcards

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

Read the first 7 Earned Value flashcards as text

  1. A project has a BAC of $200,000, EV of $80,000, and AC of $100,000. What is the Cost Performance Index (CPI)?

    Answer: 0.80

    CPI = EV / AC = $80,000 / $100,000 = 0.80, meaning the project is getting $0.80 of value for every $1 spent.

  2. Which EVM metric best indicates whether a project will finish on schedule based on the work completed so far?

    Answer: SPI (Schedule Performance Index)

    SPI = EV / PV and represents the efficiency of time utilization; an SPI below 1.0 indicates work is progressing slower than planned.

  3. A project manager calculates ETC using a formula that assumes future work will be performed at the budgeted rate. Which ETC formula does this represent?

    Answer: ETC = BAC - EV

    ETC = BAC - EV assumes remaining work will be completed at the planned (budgeted) rate, ignoring past performance.

  4. A project's PV is $150,000, EV is $120,000, and AC is $110,000. What does the negative SV indicate?

    Answer: The project is behind schedule

    SV = EV - PV = $120,000 - $150,000 = -$30,000, a negative value means less work was accomplished than planned, indicating a schedule delay.

  5. What does a TCPI value greater than 1.0 indicate?

    Answer: Future work must be completed more efficiently than originally planned

    TCPI > 1.0 means the project must achieve greater cost efficiency in remaining work than was originally planned to meet the target.

  6. On a project with BAC = $500,000, AC = $300,000, and EV = $250,000, what is the Estimate at Completion (EAC) assuming past CPI will continue?

    Answer: $600,000

    EAC = BAC / CPI; CPI = 250,000/300,000 = 0.833; EAC = 500,000 / 0.833 = $600,000.

  7. Which of the following best describes the Variance at Completion (VAC)?

    Answer: The difference between BAC and EAC

    VAC = BAC - EAC and represents the projected surplus or deficit in the budget at the end of the project.