Earned Value Quiz

12 Questions | By Btriplett2002 | Last updated: Mar 21, 2022 | Total Attempts: 1068

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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 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