Practice Test GeeksCAPM - Certified Associate in Project Engineering Practice Test
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CAPM Cost & Schedule Management Flashcards

6 cards from real CAPM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 6 CAPM Cost & Schedule Management flashcards as text

  1. In Earned Value Management, Planned Value (PV) represents:

    Answer: The authorized budget for work scheduled to be done by a given point

    Planned Value (PV), also called the Budgeted Cost of Work Scheduled (BCWS), is the authorized budget assigned to scheduled work at a specific point in time.

  2. What is resource leveling in project scheduling?

    Answer: Adjusting activity start/finish dates to address resource constraints or over-allocation

    Resource leveling adjusts the schedule to resolve resource over-allocation or to keep resource usage at a constant level, which may extend the project duration.

  3. A project's Budget at Completion (BAC) is $500,000. If the CPI is 0.9, what is the Estimate at Completion (EAC) using the standard formula?

    Answer: $555,556

    Using EAC = BAC / CPI: $500,000 / 0.9 = $555,556, meaning the project is expected to cost about $55,556 more than originally planned.

  4. Which dependency relationship (PDM) is the most commonly used in project scheduling?

    Answer: Finish-to-Start (FS)

    Finish-to-Start is the most common PDM relationship, meaning a successor activity cannot start until the predecessor activity has finished.

  5. What does a Schedule Variance (SV) of negative $10,000 indicate in Earned Value Management?

    Answer: The project is $10,000 behind schedule in dollar terms

    Schedule Variance (SV = EV – PV) of –$10,000 means the project has accomplished $10,000 less work than was planned for this point in time.

  6. What is the purpose of a cost baseline in project cost management?

    Answer: To serve as the approved time-phased budget against which cost performance is measured

    The cost baseline is the approved, time-phased budget (excluding management reserves) used to measure, monitor, and control overall project cost performance.