Earned Value Analysis (EVA)

What is meant by Earned Value Analysis (EVA)?

• To measure project performance

• To measure the budget of project

What are the elements required for earned value analysis? (Can choose more than 1 answer)

• Planned Value

• Earned Value

• Actual Cost

• Cost Performance Index

What is BCWS?

• Budgeted Capital of Work Scheduled

• Budgeted Cost of Work Scheduled

How cost variance is calculated?

• CV = EC - AV

• CV = EV - AC

Is budgeted cost of work scheduled (BCWS) is as same as the time-phased budget?

• Yes

• No

Which performance index are required to calculate in earned value analysis?

• Financial Performace Index (FPI)

• Schedule performance index (SPI)

• Cost performance index (CPI)

• Key performance index (KPI)

Which methods involved to forecast cost at completion?

• Estimate to come (ETC)

• Estimate to complete (ETC)

• Estimate at completion (EAC)

What is meant by forecasting cost at completion?

• To estimate the total cost of project upon its completion.

• To estimate the total capital of project upon its completion.

What happens when CPI and SPI is larger than 1.00?

• Undercost, ahead of schedule

• Undercost, behind of schedule

• Overcost, ahead of schedule

• Overcost, behind of schedule