5. Project Controls

Earned Value — Quiz

Test your understanding of earned value with 5 practice questions.

Practice Questions

Question 1

What does the Performance Measurement Baseline (PMB) represent in Earned Value Management?

Question 2

If Planned Value (PV) is \120{,}000, Earned Value (EV) is \100{,}000, and Actual Cost (AC) is \110{,}000, what is the Cost Variance (CV) and its interpretation?

Question 3

Given PV = \$80{,}000, EV = \$70{,}000, and AC = \75{,}000, what are the Cost Performance Index (CPI) and Schedule Performance Index (SPI), and what do they indicate?

Question 4

Which Estimate at Completion (EAC) formula should be used when future work is expected to be completed at the original budgeted rate regardless of past performance?

Question 5

If Budget at Completion (BAC) is \200{,}000, Earned Value (EV) is \120{,}000, and Actual Cost (AC) is \150{,}000, what is the To-Complete Performance Index (TCPI) to achieve BAC and what does a TCPI >1 signify?