Project+ Earned Value CPI and SPI Metrics Quiz

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2. What is the primary purpose of monitoring CPI and SPI throughout a project?

To calculate the project baseline

To identify performance trends and enable corrective action

To determine the project scope

To establish resource allocation

3. Which scenario represents the best project performance?

CPI = 0.95, SPI = 0.98

CPI = 1.10, SPI = 1.15

CPI = 0.85, SPI = 1.05

CPI = 1.20, SPI = 0.80

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5. True or False: CPI and SPI are independent metrics that cannot be analyzed together.

True

False

6. Which metric is used to forecast final project cost?

Schedule Variance

Cost Performance Index

Estimate at Completion (EAC)

Planned Value

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8. Calculate CPI for a project: EV = $75,000, AC = $70,000.

0.93

1.07

1.25

0.85

9. What does a CPI of 1.25 suggest about project performance?

The project is significantly over budget

The project is delivering more value per dollar spent

The project is behind schedule

The project has a 25% schedule variance

10. True or False: SPI measures cost efficiency while CPI measures schedule efficiency.

True

False

11. What does CPI (Cost Performance Index) measure in earned value management?

The ratio of earned value to actual cost

The ratio of planned value to earned value

The total budget variance

The percentage of work completed

12. A project has PV = $100,000, EV = $85,000, and AC = $90,000. Calculate the SPI.

0.85

0.94

1.06

1.18

13. What is the relationship between CPI and project cost overruns?

CPI > 1.0 means cost overruns are occurring

CPI < 1.0 means cost overruns are occurring

CPI = 1.0 always indicates cost overruns

CPI has no direct relationship to overruns

14. True or False: An SPI greater than 1.0 indicates the project is behind schedule.

True

False

15. Which formula correctly calculates CPI?

CPI = EV / AC

CPI = PV / EV

CPI = AC / EV

CPI = EV - AC

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17. If EV is $40,000 and PV is $50,000, what is the SPI?

0.80

1.25

1.10

0.90

18. What does SPI (Schedule Performance Index) measure?

The ratio of earned value to planned value

The ratio of actual duration to planned duration

The total schedule variance

The remaining work to be completed

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20. If a project has an EV of $50,000 and an AC of $55,000, what is the CPI?

0.91

1.10

1.05

0.95

Project+ Earned Value CPI and SPI Metrics Quiz

1. When CPI = 1.0, the project is ____.

2.

What first name or nickname would you like us to use?

2. What is the primary purpose of monitoring CPI and SPI throughout a project?

3. Which scenario represents the best project performance?

4. A project with CPI = 0.80 and SPI = 0.90 is ____.

5. True or False: CPI and SPI are independent metrics that cannot be analyzed together.

6. Which metric is used to forecast final project cost?

7. An SPI of 0.75 means the project has completed ____ of the planned work.

8. Calculate CPI for a project: EV = $75,000, AC = $70,000.

9. What does a CPI of 1.25 suggest about project performance?

10. True or False: SPI measures cost efficiency while CPI measures schedule efficiency.

11. What does CPI (Cost Performance Index) measure in earned value management?

12. A project has PV = $100,000, EV = $85,000, and AC = $90,000. Calculate the SPI.

13. What is the relationship between CPI and project cost overruns?

14. True or False: An SPI greater than 1.0 indicates the project is behind schedule.

15. Which formula correctly calculates CPI?

16. An SPI of 1.15 means the project is ____.

17. If EV is $40,000 and PV is $50,000, what is the SPI?

18. What does SPI (Schedule Performance Index) measure?

19. A CPI of 0.85 indicates the project is ____.

20. If a project has an EV of $50,000 and an AC of $55,000, what is the CPI?