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EVM Quiz

Total questions: 6

Worksheet time: 5mins

Name
Class
Date
1.

What does EVM stand for?

a)

Estimated Value Management

b)

Earned Value Measurement

c)

Earned Value Management

d)

Estimated Value Measurement

2.

What is Earned Value?

a)

The authorized budget planned for the work to be accomplished for an activity

b)

The budget associated with the authorized work that has been completed

c)

The planned value of work scheduled

d)

The realized cost incurred for the work performed on an activity during a specific time period

3.

What is Actual Cost?

a)

The earned value of the work performed

b)

The authorized budget planned for the work to be accomplished for an activity

c)

The budget associated with the authorized work that has been completed

d)

The realized cost incurred for the work performed on an activity during a specific time period

4.

Which of the following is true if CPI > 1?

a)

The project is under budget

b)

The project is over budget

c)

The project is ahead of schedule

d)

The project is behind schedule

5.

Which of the following is true if SV > 0?

a)

The project is under budget

b)

The project is over budget

c)

The project is ahead of schedule

d)

The project is behind schedule

6.

What does TCPI stand for?

a)

Total Cost Performance Index

b)

To-Complete Performance Index

c)

Total Cost Project Index

d)

To-Complete Project Index