Week 8 - EVM

A project has an EV of £2.25k and an AC of £2.5k. What does the resulting CV indicate about the project's cost?

• The project is under budget

• The project is on budget

• The project is over budget

• The cost status cannot be determined

If a project’s SPI is calculated as 75%, which scenario best describes its schedule performance?

• The project is behind schedule

• The project is ahead of schedule

• The project is on schedule

• The project schedule cannot be assessed

During an app development project, AC is £3.25k, PV is £3k, and EV is £2.75k. What does SPI reveal about delivery?

• The project is progressing faster than planned

• The project is behind schedule

• Delivery is on track

• Delivery progress is unknown

A team uses EVM but fails to establish a baseline before tracking progress. Which essential EVM data dependency is missing?

• Actual cost

• Earned value

• Planned value

• Schedule variance

How would using EVM in Agile project management most likely differ from traditional settings?

• EVM cannot coexist with Agile practices

• Agile requires continuous re-baselining for effective EVM

• Agile only tracks profit margins, not EVM metrics

• EVM implementation in Agile is fully automated and simple