CPSM CPSM Project Monitoring, Control & Reporting

Question 1

What does the Schedule Performance Index (SPI) measure in Earned Value Management?

Accepted Answer

The ratio of Earned Value to Planned Value

Answer

The ratio of Actual Cost to Planned Value

Answer

The total cost variance from the baseline

Answer

The number of milestones completed on time

Question 2

Which EVM metric represents the monetary value of work actually completed at a given point in time?

Accepted Answer

Earned Value (EV)

Answer

Planned Value (PV)

Answer

Actual Cost (AC)

Answer

Budget at Completion (BAC)

Question 3

A project has a CPI of 0.85. What does this indicate about project performance?

Accepted Answer

For every dollar spent, only 85 cents of planned value is earned

Answer

The project is 15% ahead of schedule

Answer

The project will finish 15% under budget

Answer

Schedule efficiency is running at 85% of plan

Question 4

What is the most common formula for Estimate at Completion (EAC) that assumes future work continues at current cost efficiency?

Accepted Answer

EAC = BAC / CPI

Answer

EAC = BAC + AC

Answer

EAC = AC + (BAC – EV)

Answer

EAC = EV / AC

Question 5

Which baseline integrates scope, schedule, and cost to form the Performance Measurement Baseline (PMB)?

Accepted Answer

Cost Performance Baseline

Answer

Project Charter

Answer

Work Breakdown Structure Dictionary

Answer

Risk Register

Question 6

A project reports SPI = 1.2 and CPI = 0.9. What is the most accurate assessment?

Accepted Answer

The project is ahead of schedule but over budget

Answer

The project is on time and within budget

Answer

The project is behind schedule but under budget

Answer

The project is behind schedule and over budget

Question 7

What is the primary purpose of defining variance thresholds in a project monitoring plan?

Accepted Answer

To define acceptable deviation ranges that trigger escalation when exceeded

Answer

To set the maximum allowable project budget

Answer

To measure the defect density per sprint

Answer

To calculate float on the critical path