PMI-SP Earned Value 5

Question 1

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

Accepted Answer

Planned Value (PV)

Answer

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

Question 2

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

Accepted Answer

$30,000

Answer

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

Question 3

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

Accepted Answer

When past cost performance is expected to continue through project completion

Answer

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

Question 4

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

Accepted Answer

Control Accounts

Answer

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

Question 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?

Accepted Answer

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

Answer

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

(PMI-SP) PMI Scheduling Professional Practice Test

(PMI-SP) PMI Scheduling Professional Practice Test

PMI-SP Earned Value 5