CPE Performance Measurement & Reporting Flashcards

In Earned Value Management (EVM), the Cost Variance (CV) is calculated as:

Answer: EV – AC

CV = EV – AC; a positive CV means the work accomplished cost less than budgeted, while a negative CV indicates a cost overrun.

A To-Complete Performance Index (TCPI) greater than 1.0 means:

Answer: The remaining work must be completed more efficiently than past performance to meet the budget goal

TCPI > 1.0 indicates that future work efficiency must exceed historical efficiency to achieve the target EAC or BAC.

Which schedule metric is best used to identify trends in float erosion over time?

Answer: Total Float Trend Analysis plotted period-over-period

Plotting total float of critical and near-critical paths over successive updates reveals whether float is being consumed faster than expected.

A project's Baseline Execution Index (BEI) is used to measure:

Answer: The ratio of activities completed on time vs. those that were planned to be complete

BEI measures schedule execution fidelity by comparing how many activities were completed as planned vs. what the baseline required.

The primary purpose of a project Variance Analysis Report (VAR) is to:

Answer: Document the root cause, impact, and corrective action for significant schedule or cost variances

VARs provide a structured explanation of why variances occurred and what actions will be taken to recover, forming a key control tool.

Which percent-complete measurement method is most objective for construction activities?

Answer: Units completed method — units of work done divided by total units

The units completed method ties percent complete to a countable, verifiable output, minimizing subjectivity in progress reporting.