CPE Performance Measurement & Reporting Flashcards

Earned Value (EV) in project performance measurement is defined as:

Answer: Budgeted cost of work actually performed

EV represents the budget value of completed work, providing an objective measure of physical progress independent of actual spending.

A Schedule Performance Index (SPI) of 0.85 indicates that the project is:

Answer: Behind schedule — only 85 cents of scheduled work completed per dollar planned

SPI = EV / PV; a value below 1.0 means less work has been accomplished than was planned, indicating a schedule shortfall.

The Estimate at Completion (EAC) formula EAC = BAC / CPI is used when:

Answer: Current cost performance is expected to continue for the remainder of the project

This EAC formula assumes the cost performance index achieved to date will persist through project completion.

Which document formally establishes the Performance Measurement Baseline (PMB) in a CPE-managed project?

Answer: Approved cost-loaded schedule integrated with the WBS and control accounts

The PMB is the time-phased budget baseline created by integrating the WBS, schedule, and budget into measurable control accounts.

Look-Ahead schedules in performance measurement are typically prepared for a rolling window of:

Answer: 3–6 weeks

A 3-to-6-week look-ahead gives field teams actionable near-term work plans while aligning with the master schedule.

Which KPI directly measures the efficiency of schedule recovery efforts after a delay event?

Answer: Recovery Schedule Efficiency — comparing actual vs. planned recovery milestones

Tracking actual recovery milestones against the recovery plan measures whether acceleration measures are producing the intended schedule improvements.