Earned Value Management Quiz

7 Questions | Total Attempts: 676

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Earned Value Management Quiz - Quiz

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