Project Management Earned Value Management (EVM) 4

Question 1

A project's SPI is 0.72 and the deadline is fixed. What action is most aligned with EVM principles?

Accepted Answer

Analyze critical path activities and consider crashing or fast-tracking

Answer

An SPI of 0.72 signals significant schedule slippage; crashing or fast-tracking are standard recovery techniques for a fixed deadline.

Question 2

What does EVM require that traditional cost accounting alone does NOT provide?

Accepted Answer

Integration of scope, schedule, and cost into a single performance measurement

Answer

EVM uniquely integrates scope, schedule, and cost, enabling objective performance measurement that traditional cost tracking cannot provide.

Question 3

A control account in EVM is best described as:

Accepted Answer

A management control point where scope, budget, and schedule are integrated for performance measurement

Answer

Control accounts are the primary EVM management points where scope, schedule, and cost baselines converge for performance tracking.

Question 4

If TCPI (calculated against EAC) is less than 1.0, what does this indicate?

Accepted Answer

The project can afford to be less efficient on remaining work and still meet the EAC

Answer

TCPI < 1.0 means the required future efficiency is less demanding than historical performance, making the EAC goal achievable.

Question 5

A project uses the 50/50 rule for earned value. A $20,000 task has just started. How much EV is credited?

Accepted Answer

$10,000

Answer

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.

Project Management Practice Test