Introduction to Construction Project Performance

Studies show over 60% of construction projects fail to meet cost and time targets.

• True

• False

Earned Value Management (EVM) recognizes that it is necessary to jointly consider the impact of which three factors on any analysis of current project status?

• A) Time, cost, and project performance

• B) Quality, risk, and communication

• C) Scope, schedule, and resources

• D) Budget, team, and deliverables

EVM directly links all three primary project success metrics: ________, schedule, and cost.

• scope

• quality

• risk

• communication

According to the introduction, EVM is used for the analysis of current project status.

• True

• False

The Plan Value (PV) is less than the Actual Cost (AC) in the construction project example.

• True

• False

In the context of a construction project, what is the Plan Value (PV)?

• Work progress

• Work schedule

• Contractor's expenditure

In the context of a construction project, what is the Earn Value (EV)?

• Work progress

• Work schedule

• Contractor's expenditure

In the context of a construction project, what is the Actual Cost (AC)?

• Work progress

• Work schedule

• Contractor's expenditure

What are the three components integrated by Earned Value Management (EVM)?

• Scope, Schedule, Cost

• Time, Money, Quality

• People, Process, Product

• Risk, Value, Effort

Earned Value Management (EVM) is used to objectively assess project performance and progress.

• True

• False