Earned Value Quiz

12 Questions | Total Attempts: 733

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Project Management Quizzes & Trivia

Introductory Quiz on Earned Value


Questions and Answers
  • 1. 
    Planned Value (PV)  is also known as what?
    • A. 

      Budgeted Cost of Work Scheduled (BCWS)

    • B. 

      Budgeted Cost of Work Performed (BCWP)

    • C. 

      Actual Cost of Work Performed (ACWP)

  • 2. 
    DoD established the Cost/Schedule Control Systems Criteria in what year?
    • A. 

      1958

    • B. 

      1963

    • C. 

      1967

    • D. 

      1968

    • E. 

      2009

  • 3. 
    Estimate At Completion (EAC) is calculated how?
    • A. 

      BAC / CPI - Used if no variances from the BAC have occurred

    • B. 

      AC + ETC - Actual plus a new estimate for remaining work. Used when original estimate was fundamentally flawed

    • C. 

      AC + BAC – EV - Actual to date plus remaining budget. Used when current variances are atypical.

    • D. 

      AC + (BAC – EV) / CPI - Actual to date plus remaining budget modified by performance. When current variances are typical.

    • E. 

      All of the above

  • 4. 
    CPI is what?
    • A. 

      EV/BV

    • B. 

      EV/AC

    • C. 

      EV/PV

    • D. 

      AC/PV

    • E. 

      AC/EV

  • 5. 
    SPI is calculated how?
    • A. 

      PV/EV

    • B. 

      AC/EV

    • C. 

      EV/AC

    • D. 

      EV/PV

  • 6. 
    Blank is the foundation for project management
    • A. 

      WBS

    • B. 

      SBW

    • C. 

      Earned Value Manager

    • D. 

      Testing

  • 7. 
    How many steps to forming a project baseline
    • A. 

      3

    • B. 

      8

    • C. 

      25

    • D. 

      4

    • E. 

      5

  • 8. 
    CAP stands for what?
    • A. 

      Control Access Plan

    • B. 

      Control Account Plan

    • C. 

      Cost Account Plan

    • D. 

      Work Page

  • 9. 
    • A. 

      A specific scope of work

    • B. 

      A approved budget

    • C. 

      Allocated Resources

    • D. 

      A time frame for performance

  • 10. 
    What is an IPDT?
  • 11. 
    There are three certainties in life: taxes, death and what?
    • A. 

      CAP

    • B. 

      Project Management

    • C. 

      Project Scope

    • D. 

      Insurance

    • E. 

      Overruns

  • 12. 
    What are the 4 projects steps
    • A. 

      Decide what method of project managment to use

    • B. 

      Form the Project baseline

    • C. 

      Allocate the resources

    • D. 

      Define the project scope

    • E. 

      Discuss your budgets

    • F. 

      Plan and schedule the work