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Earned Value Management (EVM) Flashcards

7 cards from real PMBOK practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Earned Value Management (EVM) flashcards as text

  1. A project has a BAC of $500,000, EV of $200,000, and AC of $250,000. What is the Cost Performance Index (CPI)?

    Answer: 0.80

    CPI = EV / AC = $200,000 / $250,000 = 0.80, meaning the project is getting $0.80 of value for every $1 spent.

  2. Which EVM metric best indicates whether a project will finish on time?

    Answer: Schedule Performance Index (SPI)

    SPI = EV / PV and measures schedule efficiency; an SPI below 1.0 indicates the project is behind schedule.

  3. The To-Complete Performance Index (TCPI) based on BAC is calculated as:

    Answer: (BAC - EV) / (BAC - AC)

    TCPI (BAC) = (BAC - EV) / (BAC - AC), representing the cost efficiency needed on remaining work to meet the original budget.

  4. A project's SPI is 1.2 and CPI is 0.9. How should the project manager interpret this?

    Answer: Ahead of schedule but over budget

    SPI > 1.0 means ahead of schedule; CPI < 1.0 means over budget — a combination requiring cost control attention.

  5. Estimate at Completion (EAC) using the formula EAC = AC + (BAC - EV) assumes:

    Answer: The remaining work will be done at the budgeted rate

    EAC = AC + (BAC - EV) assumes the remaining work will be completed exactly as originally planned (at budget).

  6. Which of the following represents Variance at Completion (VAC)?

    Answer: BAC - EAC

    VAC = BAC - EAC; a negative VAC indicates the project is expected to finish over budget.

  7. On a project with PV = $300,000, EV = $270,000, and AC = $260,000, what is the Schedule Variance (SV)?

    Answer: -$30,000

    SV = EV - PV = $270,000 - $300,000 = -$30,000, indicating the project is behind schedule by $30,000 in value.