Earned Value Management Questions 24/25

What does Earned Value (EV) represent in EVM?

• The actual cost of work performed

• The budgeted cost of work scheduled

• The value of work actually performed based on the budgeted cost

• The total project budget

Which formula is used to calculate Cost Performance Index (CPI)?

• CPI = EV / AC

• CPI = EV / PV

• CPI = AC / EV

• CPI = PV / AC

Who's fault is it that you don't have your assessment results yet?

• Mollie's

• Mine

• Jordan's

• James's

If the Schedule Performance Index (SPI) is greater than 1, what does it indicate?

• The project is over budget

• The project is ahead of schedule

• The project is on schedule

• The project is behind schedule

What does a Cost Variance (CV) of negative value indicate?

• The project is under budget

• The project is over budget

• The project is on budget

• The project has no cost variance

What time is lunch time?

• 11:30

• 12:00

• 12:30

• When Tilly says it is

Which of the following formulas correctly calculates Estimate at Completion (EAC) assuming cost performance will continue at the same rate?

• EAC = BAC / CPI

• EAC = AC + BAC - EV

• EAC = AC + (BAC - EV) / (CPI x SPI)

• EAC = BAC x CPI

What does Planned Value (PV) represent in EVM?

• The budgeted cost of work scheduled

• The actual cost of work performed

• The total project budget

• The remaining project cost

If SPI = 0.75, what does this suggest?

• The project is ahead of schedule

• The project is behind schedule

• The project is on schedule

• The project is under budget

Which formula is used to calculate Schedule Variance (SV)?

• SV = EV - PV

• SV = PV - EV

• SV = EV - AC

• SV = AC - EV