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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.

Read the first 6 CCP Earned Value Management flashcards as text

  1. Which EVM metric represents the authorized budget assigned to scheduled work?

    Answer: Planned Value (PV)

    Planned Value (PV) is the authorized budget assigned to the work scheduled to be accomplished, also called the Budgeted Cost of Work Scheduled (BCWS).

  2. A project has EV = $120,000 and AC = $150,000. What is the Cost Performance Index (CPI)?

    Answer: 0.80

    CPI = EV / AC = $120,000 / $150,000 = 0.80, meaning the project is getting only $0.80 of value for every $1.00 spent.

  3. The Schedule Variance (SV) formula in Earned Value Management is:

    Answer: EV - PV

    Schedule Variance = EV minus PV; a negative SV means the project is behind schedule in cost terms.

  4. Estimate at Completion (EAC) using the formula EAC = BAC / CPI assumes:

    Answer: Future work will continue at the current cost efficiency rate

    EAC = BAC / CPI assumes the cost performance experienced to date will continue for all remaining work.

  5. Which EVM baseline combines scope, schedule, and cost and is used to measure project performance?

    Answer: Performance Measurement Baseline (PMB)

    The Performance Measurement Baseline (PMB) is the time-phased budget plan against which project performance is measured, integrating scope, schedule, and cost.

  6. A To-Complete Performance Index (TCPI) greater than 1.0 indicates:

    Answer: Future work must be performed more efficiently than past work to meet the target

    TCPI > 1.0 means the remaining work must be accomplished more cost-efficiently than past work to achieve the target cost.