Earned Value Quiz
Introductory Quiz on Earned Value
- 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 CAP has three discrete elements which of the following is not one of them?
- 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
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