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. Which EVM parameter represents the authorized budget assigned to scheduled work that must be accomplished?

    Answer: Planned Value (PV)

    Planned Value (PV) is the authorized budget allocated to the scheduled work to be accomplished by a specific point in time.

  2. A project team is 60% complete on a $50,000 activity using the percent complete method. What EV is reported?

    Answer: $30,000

    EV = % complete × BAC = 0.60 × $50,000 = $30,000 using the percent complete earned value method.

  3. When is the Estimate to Complete (ETC) formula ETC = (BAC - EV) / CPI most appropriate?

    Answer: When past cost performance is expected to continue through project completion

    This ETC formula is appropriate when past CPI is a reliable predictor of future performance and inefficiencies are likely to persist.

  4. An Integrated Master Schedule (IMS) uses EVM. Which element links the schedule to the performance measurement baseline?

    Answer: Control Accounts

    Control accounts are the management control points where scope, schedule, and budget are integrated and EVM performance is measured.

  5. A project's SPI is 0.85 at month 6. The project manager knows SPI tends to converge toward 1.0 near project end. What risk does this create for EVM forecasting?

    Answer: SPI may mask persistent schedule problems as the denominator (PV) grows toward BAC

    Near project completion, all remaining PV is accumulated so SPI naturally trends toward 1.0, potentially obscuring real schedule delays.

  6. Which of the following metrics best forecasts the total project cost at completion, assuming current CPI remains constant?

    Answer: EAC = BAC / CPI

    EAC = BAC / CPI is the most common forecast formula when current cost performance efficiency is expected to continue.

  7. A project with BAC = $400,000 has a CPI of 1.10 and an SPI of 0.95 at the midpoint. Using the composite EAC formula, which statement is true?

    Answer: Cost performance helps offset the schedule slippage in the composite EAC forecast

    In the composite EAC = AC + [(BAC - EV) / (CPI × SPI)], the CPI > 1 partially offsets the SPI < 1, resulting in a better forecast than SPI alone would suggest.