PM Test Center » earned value http://pmtestcenter.com FREE daily project management test questions for PMP®, CAPM®, and Project+ exams! Tue, 22 May 2012 04:01:23 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Earned Value Management requirement http://pmtestcenter.com/earned-value-management-requirement?utm_source=rss&utm_medium=rss&utm_campaign=earned-value-management-requirement http://pmtestcenter.com/earned-value-management-requirement#comments Mon, 21 May 2012 04:01:49 +0000 Gabe Young http://pmtestcenter.com/?p=300

One of the reports you are asked to produce is an S-curve diagram. Through your experience, you know that S-curve data is based on earned value. Therefore, you must __________ at the start of the project in order to have accurate S-curve reports.

A. Set a baseline
B. Use project management software
C. Create a contingency plan
D. Perform a variance analysis

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]]> http://pmtestcenter.com/earned-value-management-requirement/feed 0 SV explained http://pmtestcenter.com/sv-explained?utm_source=rss&utm_medium=rss&utm_campaign=sv-explained http://pmtestcenter.com/sv-explained#comments Wed, 02 May 2012 04:01:38 +0000 Gabe Young http://pmtestcenter.com/?p=215

One of your monthly reports claim that your project has a SV of -1000. How would you describe it to your sponsor?

A. The project is behind schedule
B. The project is ahead of schedule
C. Impossible to have a negative SV
D. Not enough information

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]]> http://pmtestcenter.com/sv-explained/feed 0 CV explained http://pmtestcenter.com/cv-explained?utm_source=rss&utm_medium=rss&utm_campaign=cv-explained http://pmtestcenter.com/cv-explained#comments Tue, 01 May 2012 04:01:23 +0000 Gabe Young http://pmtestcenter.com/?p=213

One of your monthly reports claim that your project has a CV of 2000. How would you describe it to your sponsor?

A. The project is $2000 over budget
B. The project is $2000 under budget
C. CV of anything over 1000 is irrelevant
D. Not enough information

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]]> http://pmtestcenter.com/cv-explained/feed 0 CPI and SPI: The under-rated indicators http://pmtestcenter.com/cpi-and-spi-the-under-rated-indicators?utm_source=rss&utm_medium=rss&utm_campaign=cpi-and-spi-the-under-rated-indicators http://pmtestcenter.com/cpi-and-spi-the-under-rated-indicators#comments Tue, 03 Apr 2012 04:01:39 +0000 Gabe Young http://pmtestcenter.com/?p=44

Six months into a year-long project your CPI is 0.8. However, your SPI is 1.2. This means that the project is:

A. Ahead of schedule and under budget
B. Ahead of schedule and over budget
C. Behind schedule and under budget
D. Behind schedule and over budget

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]]> http://pmtestcenter.com/cpi-and-spi-the-under-rated-indicators/feed 0 CPI — what does it mean? http://pmtestcenter.com/cpi-what-is-it-trying-to-tell-me?utm_source=rss&utm_medium=rss&utm_campaign=cpi-what-is-it-trying-to-tell-me http://pmtestcenter.com/cpi-what-is-it-trying-to-tell-me#comments Mon, 02 Apr 2012 04:01:08 +0000 Gabe Young http://pmtestcenter.com/?p=37

As the project manager with a cost conscience sponsor, you have been monitoring earned value throughout the year long project. At the halfway point, you report that the CPI is 0.8. This means that the project is:

A. Ahead of schedule
B. Under budget
C. Behind schedule
D. Over budget

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]]> http://pmtestcenter.com/cpi-what-is-it-trying-to-tell-me/feed 0 Calculating Schedule Performance Index (SPI) http://pmtestcenter.com/calculating-schedule-performance-index-spi?utm_source=rss&utm_medium=rss&utm_campaign=calculating-schedule-performance-index-spi http://pmtestcenter.com/calculating-schedule-performance-index-spi#comments Mon, 12 Mar 2012 04:01:00 +0000 Gabe Young http://pmtestcenter.com/?p=832

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the SPI?

A. 0.83
B. 0.86
C. 1.16
D. 1.20

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]]> http://pmtestcenter.com/calculating-schedule-performance-index-spi/feed 0 Calculating Cost Performance Index (CPI) http://pmtestcenter.com/calculating-cost-performance-index-cpi?utm_source=rss&utm_medium=rss&utm_campaign=calculating-cost-performance-index-cpi http://pmtestcenter.com/calculating-cost-performance-index-cpi#comments Sun, 11 Mar 2012 05:01:53 +0000 Gabe Young http://pmtestcenter.com/?p=828

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the CPI?

A. 0.83
B. 0.86
C. 1.16
D. 1.20

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]]> http://pmtestcenter.com/calculating-cost-performance-index-cpi/feed 0 How much more the project is expected to cost from here on out http://pmtestcenter.com/how-much-more-the-project-is-expected-to-cost-from-here-on-out?utm_source=rss&utm_medium=rss&utm_campaign=how-much-more-the-project-is-expected-to-cost-from-here-on-out http://pmtestcenter.com/how-much-more-the-project-is-expected-to-cost-from-here-on-out#comments Sun, 04 Mar 2012 05:01:04 +0000 Gabe Young http://pmtestcenter.com/?p=792

You are halfway through your project and your sponsor would like to know how much more the project is expected to cost from now until the end. What earned value metric should you use?

A. CV
B. AC
C. EAC
D. ETC

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]]> http://pmtestcenter.com/how-much-more-the-project-is-expected-to-cost-from-here-on-out/feed 0 Calculating Schedule Variance (SV) http://pmtestcenter.com/calculating-schedule-variance-sv?utm_source=rss&utm_medium=rss&utm_campaign=calculating-schedule-variance-sv http://pmtestcenter.com/calculating-schedule-variance-sv#comments Tue, 14 Feb 2012 05:01:02 +0000 Gabe Young http://pmtestcenter.com/?p=825

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the SV?

A. -5,000
B. -1,000
C. 1,000
D. 5,000

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]]> http://pmtestcenter.com/calculating-schedule-variance-sv/feed 1 Calculating Cost Variance (CV) http://pmtestcenter.com/calculating-cost-variance-cv?utm_source=rss&utm_medium=rss&utm_campaign=calculating-cost-variance-cv http://pmtestcenter.com/calculating-cost-variance-cv#comments Mon, 13 Feb 2012 05:01:41 +0000 Gabe Young http://pmtestcenter.com/?p=822

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the CV?

A. -1,000
B. -4,000
C. 1,000
D. 4,000

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]]> http://pmtestcenter.com/calculating-cost-variance-cv/feed 0