Project Management Earned Value Management (EVM) 5

Question 1

A project has EV = $150,000, PV = $120,000, and AC = $140,000. What is the Schedule Variance (SV)?

Accepted Answer

$30,000

Answer

SV = EV - PV = $150,000 - $120,000 = +$30,000, meaning the project has accomplished $30,000 more work than planned.

Question 2

An EVM reporting system shows EAC = $950,000 and BAC = $900,000. What is the VAC?

Accepted Answer

-$50,000

Answer

VAC = BAC - EAC = $900,000 - $950,000 = -$50,000, indicating a projected cost overrun of $50,000 at completion.

Question 3

Which EVM baseline is directly affected when the project manager formally approves a scope change through integrated change control?

Accepted Answer

Performance Measurement Baseline (PMB)

Answer

Approved scope changes update the PMB, which integrates scope, schedule, and cost — all three baselines may be adjusted.

Question 4

A project manager wants to use EVM but the work is highly repetitive with fixed unit costs. Which earned value technique is most appropriate?

Accepted Answer

Units completed method

Answer

The units completed method works best for repetitive tasks where each unit has a known budgeted cost, making EV calculation straightforward.

Question 5

What is the relationship between EVM and the Work Breakdown Structure (WBS)?

Accepted Answer

EVM performance is measured at control accounts aligned to WBS elements

Answer

EVM relies on the WBS to define control accounts where scope, schedule, and cost are integrated and performance is measured.

Project Management Practice Test