Baseline & Earned Value Schedule Flashcards

Which method of measuring earned value assigns 100% credit only when an activity is fully completed?

Answer: 0/100 rule

The 0/100 rule assigns 0% earned value when work starts and 100% only upon full completion, eliminating partial credit.

What does the To-Complete Performance Index (TCPI) represent?

Answer: The required cost efficiency to complete remaining work within budget

TCPI = (BAC - EV) / (BAC - AC), indicating the cost efficiency required for remaining work to meet the BAC.

When a project baseline is established, the time-phased budget for each control account is called what?

Answer: Budget at Completion

BAC (Budget at Completion) represents the total authorized budget for each control account or the entire project in the baseline.

A project shows CPI = 1.2 and SPI = 0.9. Which statement best describes this situation?

Answer: The project is under budget but behind schedule

CPI > 1.0 means under budget (cost efficient), while SPI < 1.0 means behind schedule.

In the context of schedule baselines, what is a 'baseline deviation'?

Answer: The difference between current schedule dates and the approved baseline dates

A baseline deviation is the measured difference between the approved baseline dates and the current forecast or actual dates.

Which earned value technique is most appropriate for long-duration, continuous activities with no distinct milestones?

Answer: Level of effort (LOE)

Level of Effort (LOE) is used for support or ongoing activities whose value is measured purely by time elapsed rather than discrete deliverables.

What is the primary purpose of establishing a schedule baseline before project execution begins?

Answer: To provide a fixed reference point for measuring schedule performance

The schedule baseline serves as the approved reference against which actual progress is compared to calculate schedule variances.