PMI-SP Earned Value 2

Question 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)?

Accepted Answer

0.80

Answer

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

Question 2

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

Accepted Answer

SPI (Schedule Performance Index)

Answer

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

Question 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?

Accepted Answer

ETC = BAC - EV

Answer

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

Question 4

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

Accepted Answer

The project is behind schedule

Answer

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

Question 5

What does a TCPI value greater than 1.0 indicate?

Accepted Answer

Future work must be completed more efficiently than originally planned

Answer

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

(PMI-SP) PMI Scheduling Professional Practice Test

(PMI-SP) PMI Scheduling Professional Practice Test

PMI-SP Earned Value 2