CPE CPE Performance Measurement & Reporting

Question 1

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

Accepted Answer

Budgeted cost of work actually performed

Answer

Actual cost incurred to date

Answer

Budgeted cost of work scheduled

Answer

Estimated cost at completion

Question 2

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

Accepted Answer

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

Answer

Ahead of schedule

Answer

On schedule

Answer

Over budget

Question 3

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

Accepted Answer

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

Answer

Past cost performance is expected to improve significantly

Answer

Only schedule variances are considered

Answer

The project has no remaining work

Question 4

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

Accepted Answer

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

Answer

Project Charter

Answer

Risk Register

Answer

Contractor's invoice

Question 5

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

Accepted Answer

3–6 weeks

Answer

12 months

Answer

5 years

Answer

1 day

Question 6

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

Accepted Answer

Recovery Schedule Efficiency — comparing actual vs. planned recovery milestones

Answer

Budget at Completion (BAC)

Answer

Contingency drawdown rate

Answer

Total float at project start