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Cost-Loaded Schedule Integration Flashcards

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  1. Which EVM metric directly measures cost efficiency — the value of work accomplished per dollar spent?

    Answer: Cost Performance Index (CPI)

    CPI = EV ÷ AC, and a value below 1.0 means the project is spending more than the value of work it is completing.

  2. When integrating a cost-loaded schedule with an owner's payment application process, which document links schedule percent-complete to invoiced amounts?

    Answer: The Schedule of Values (SOV)

    The Schedule of Values breaks the contract sum into line items tied to work activities, enabling percent-complete calculations to drive progress billings.

  3. A scheduler is asked to 'level the cost-loaded S-curve.' What adjustment is most likely being requested?

    Answer: Smoothing spending peaks and valleys by shifting non-critical activities within float

    Cost-curve leveling shifts float-containing activities to spread spending more evenly, reducing financing costs and resource spikes.

  4. In Earned Value Management, what does the acronym BCWP stand for?

    Answer: Budgeted Cost of Work Performed

    BCWP (now called Earned Value) represents the budgeted value of work actually completed, the central metric of EVM performance measurement.

  5. A cost-loaded schedule baseline is formally revised through what process?

    Answer: An authorized re-baseline or baseline change request approved through change control

    Baseline revisions require formal change control authorization to maintain the integrity of the performance measurement baseline.

  6. What is the Estimate to Complete (ETC) formula when assuming remaining work will be performed at the budgeted rate?

    Answer: ETC = BAC − EV

    ETC = BAC − EV assumes remaining work proceeds per plan, so only the unearned budget value remains to be spent.

  7. When a cost-loaded schedule is imported into an ERP system, which data element is critical for maintaining cost code traceability?

    Answer: Activity cost account or WBS code mapping

    Cost account or WBS code mapping ensures that schedule activity costs roll up to the correct cost codes in the ERP, enabling accurate financial reporting.