### Which of the following is False about Earned Value Management?

#### EVM can be used in all Monitoring & Controlling processes

- EVM is used to monitor and control the schedule
- EVM is used to monitor and control cost
- EVM can be used in all Monitoring & Controlling processes
- EVM cannot be used on all projects

### What is created as a result of EVM calculations?

#### Performance Measurement Baseline

- Performance Measurement Baseline
- Cost Baseline
- Schedule Baseline
- EVM Baseline

### Which variable represents the total original expected cost of the project?

#### BAC

- PV
- BAC
- EV
- EAC

### How should a PM determine BAC?

#### Add up all PV estimates

- Add up all EV estimates
- Add up all PV estimates
- Add up all AC estimates
- Add up all ETC estimates

### How should the PM determine Planned Value?

#### Multiply BAC times the Planned % Complete

- Do a manual forecast
- Multiply BAC times the Planned % Complete
- Multiply BAC times the Actual % Complete
- Subtract VAC from EAC

### What is the work that should have been completed at any given point in time?

#### PV

- EV
- ETC
- EAC
- PV

### What is the work that has actually been completed at any given point in time ?

#### EV

- EV
- PV
- BAC
- EAC

### How should the PM determine Earned Value?

#### Multiply BAC times the Actual % complete

- Manual forecast
- Divide BAC by the CPI
- Multiply BAC times the Actual % complete
- Multiply BAC times the Planned % complete

### What variable tells you how far ahead or behind schedule in a dollar value?

#### SV

- CV
- SPI
- CPI
- SV

### What is the formula for SV?

#### EV-PV

- EV-AC
- EV-PV
- PV-EV
- AC/EV

### Which variable tells you schedule efficiency ?

#### SPI

- SV
- SPI
- CV
- CPI

### What is the formula for SPI?

#### EV/PV

- EV/AC
- PV/AC
- EV/PV
- PV/EV

### Which value tells you how much over or under budget you are in dollar values?

#### CV

- VAC
- CV
- CPI
- ETC

### What is the formula for CV?

#### EV-AC

- AC-EV
- EV-AC
- PV-EV
- EV-PV

### Which variable tells you cost efficiency for your project?

#### CPI

- CPI
- CV
- SPI
- VAC

### Which variables are useful for determining project status and providing a basis for estimating cost and schedule outcomes?

#### SPI & CPI

- SV & CV
- ETC & VAC
- BAC & ETC
- SPI & CPI

### Which variable is considered the most critical EVM metric because it measures the cost efficiency for the work actually completed?

#### CPI

- EV
- CPI
- ETC
- CV

### Which variable is the new expected total cost for the project based on project performance to date?

#### EAC

- ETC
- EAC
- VAC
- BAC

### What is the formula for Estimate at Completion?

#### BAC/CPI

- VAC/CPI
- BAC/CPI
- VAC/ETC
- BAC/CV

### Which variable represents the estimated total cost savings or overrun for the project?

#### VAC

- ETC
- EAC
- VAC
- BAC

### What is the formula for VAC?

#### BAC-EAC

- BAC-EAC
- EAC/CPI
- ETC-EAC
- EAC-BAC

### Which variable represents how much more money it should take to complete the remaining work of the project?

#### ETC

- EAC
- ETC
- VAC
- EV

### What is the formula for Estimate to Complete?

#### EAC-AC

- AC-EAC
- BAC-EAC
- EAC-VAC
- EAC-AC

### What variable represents the cost performance that is required with remaining resources to meet a specified management goal for the project?

#### TCPI

- CPI
- TCPI
- EAC
- ETC

### What is the formula for TCPI?

#### (BAC-EV)/(BAC-AC) or (EAC-AC)

- (BAC-EV)/(BAC-AC) or (EAC-AC)
- (BAC-EV)/(BAC-AC) or (EAC-EV)
- (BAC-AC)/(BAC-EV) or (EAC-AC)
- (BAC-EV)/(ETC-AC) or (EAC-AC)

### Which variable is equal to the work remaining divided by the funds remaining?

#### TCPI

- ETC
- EAC
- TCPI
- VAC

### Which variable follows the rule of Positive=Ahead Schedule; Negative=Behind Schedule?

#### SPI

- CPI
- SPI
- SV
- CV

### Which variable follows the rule of >1=Ahead Schedule; <1=Behind Schedule?

#### SV

- CV
- TCPI
- SPI
- SV

### Which variable follows the rule of Positive=Under Budget; Negative=Over Budget?

#### CV

- TCPI
- CV
- CPI
- SV

### Which variable follows the rule of >1=Under Budget; <1=Over Budget?

#### CPI

- CV
- TCPI
- CPI
- SV

### Which variable follows the rule of >1=Harder to complete; <1=Easier to complete?

#### TCPI

- TCPI
- CPI
- SPI
- SV

### Which formula for EAC accepts actual project performance (AC) and predicts future performance will happen at originally budgeted rate ?

#### EAC = AC + BAC – EV

- EAC = BAC/CPI
- EAC = AC + [(BAC-EV)/(CPIxSPI)]
- EAC = AC + BAC – EV
- EAC = AC + Bottom-Up Estimate

### Which formula for EAC is considered the most accurate on a project?

#### EAC = AC + Bottom-Up Estimate

- EAC = AC + Bottom-Up Estimate
- EAC = BAC/CPI
- EAC = AC + BAC – EV
- EAC = AC + [(BAC-EV)/(CPIxSPI)]