Earned Value Management Quiz

7 Questions | By Rpleta | Updated: Mar 21, 2022 | Attempts: 792

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Earned Value Quiz for HD Supply FM IT Project Managers and Coordinators

Questions and Answers

1.

Our project is behind by what dollar amount, worth of work?Hint: SV= BCWS-BCWP .Note: Please use powerpoint slide for info
2.

This project has cost us what dollar amount, more than it should have?Hint: CV= ACWP-BCWP Note: Please use powerpoint slide for info
3.

Earned Value provides answers to the following important questions:
- A.
  
  What value of work should have been completed
- B.
  
  How much value have we realized so far
- C.
  
  How much money has been spent to date to get the project where it is today
- D.
  
  All the above
- E.
  
  Options B and C
4.

True or False? Earned Value analysis was developed by the US Department of Transportation to dtermine the performance of large projects
- A.
  
  True
- B.
  
  False
5.

What requirements must be in place for accurate Earned Value Management
- A.
  
  Good Project Management Practices
- B.
  
  Cost control software tool
- C.
  
  Work measurement by work-hours, dollars, and units
- D.
  
  All the above
- E.
  
  Options A and C
6.

Check all that apply: What are the project manager initiatives to ensure proper Earned Value management:
- A.
  
  Develop a realistic plan of the work scope, budget and schedule
- B.
  
  Take meeting minutes
- C.
  
  Authorize work properly
- D.
  
  Control changes
- E.
  
  Performance reporting
7.

Earned Value Management is a methodology that measures the value of a project as dollars are spent
- A.
  
  True
- B.
  
  False