Earned Value Management (EVM) Flashcards
7 cards from real Project Management 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 Management (EVM) flashcards as text
A project's SPI is 0.72 and the deadline is fixed. What action is most aligned with EVM principles?
Answer: Analyze critical path activities and consider crashing or fast-tracking
An SPI of 0.72 signals significant schedule slippage; crashing or fast-tracking are standard recovery techniques for a fixed deadline.
What does EVM require that traditional cost accounting alone does NOT provide?
Answer: Integration of scope, schedule, and cost into a single performance measurement
EVM uniquely integrates scope, schedule, and cost, enabling objective performance measurement that traditional cost tracking cannot provide.
A control account in EVM is best described as:
Answer: A management control point where scope, budget, and schedule are integrated for performance measurement
Control accounts are the primary EVM management points where scope, schedule, and cost baselines converge for performance tracking.
If TCPI (calculated against EAC) is less than 1.0, what does this indicate?
Answer: The project can afford to be less efficient on remaining work and still meet the EAC
TCPI < 1.0 means the required future efficiency is less demanding than historical performance, making the EAC goal achievable.
A project uses the 50/50 rule for earned value. A $20,000 task has just started. How much EV is credited?
Answer: $10,000
The 50/50 rule credits 50% of the budget when work starts and the remaining 50% when work is complete, so $10,000 is credited at start.
Which statement about EVM's Schedule Performance Index (SPI) is TRUE near project completion?
Answer: SPI becomes less meaningful near completion because EV approaches PV regardless of remaining work
Near completion, EV converges toward the BAC (= PV at end), causing SPI to trend toward 1.0 even on late projects, masking real schedule status.
A program manager oversees three projects. Project A has CPI=1.1, Project B has CPI=0.88, Project C has CPI=0.95. Which project should receive priority attention?
Answer: Project B, because it has the lowest CPI indicating the worst cost performance
Project B's CPI of 0.88 indicates the greatest cost overrun relative to work accomplished and therefore requires the most immediate corrective action.