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CCP Earned Value Management Flashcards

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

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  1. In EVM, the term 'over-target baseline' (OTB) refers to:

    Answer: A replanned baseline that exceeds the original contract budget

    An over-target baseline is a rebaselined PMB whose total budget exceeds the original contract budget, often used when a project has overrun significantly.

  2. Which variance is calculated as EV minus AC in Earned Value Management?

    Answer: Cost Variance (CV)

    Cost Variance (CV) = EV - AC; a negative CV indicates actual costs exceed the budgeted cost for work performed.

  3. The Budgeted Cost of Work Performed (BCWP) is another name for which EVM metric?

    Answer: Earned Value (EV)

    Earned Value (EV) is also called BCWP — the budgeted value of the work that has actually been completed.

  4. Which EVM technique for measuring percent complete assigns value only when a task is 100% done?

    Answer: 0/100 method

    The 0/100 method credits no earned value until the task is fully complete, making it suitable for short-duration tasks.

  5. Management Reserve (MR) in EVM is best described as:

    Answer: Budget held outside the PMB for unknown-unknown risks

    Management Reserve is an amount of project budget withheld outside the PMB to address unforeseen in-scope work (unknown unknowns).

  6. A Schedule Performance Index (SPI) of 0.90 means the project is:

    Answer: Accomplishing only 90 cents of scheduled work for every $1 planned

    SPI = EV / PV = 0.90 indicates the project is behind schedule — only 90% of the planned work value has been accomplished.