PM Test Center » earned value http://pmtestcenter.com FREE daily project management test questions for PMP®, CAPM®, and Project+ exams! Tue, 07 Feb 2012 05:01:29 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 How much the project is expected to cost at completion http://pmtestcenter.com/how-much-the-project-is-expected-to-cost-at-completion?utm_source=rss&utm_medium=rss&utm_campaign=how-much-the-project-is-expected-to-cost-at-completion http://pmtestcenter.com/how-much-the-project-is-expected-to-cost-at-completion#comments Tue, 07 Feb 2012 05:01:29 +0000 Gabe Young http://pmtestcenter.com/?p=789

You are halfway through your project and your sponsor would like to know how much the project is expected to cost when it is completed. What earned value metric should you use?

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

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]]> http://pmtestcenter.com/how-much-the-project-is-expected-to-cost-at-completion/feed 0 SPI — what does it mean? http://pmtestcenter.com/spi-what-does-it-mean?utm_source=rss&utm_medium=rss&utm_campaign=spi-what-does-it-mean http://pmtestcenter.com/spi-what-does-it-mean#comments Thu, 19 Jan 2012 05:01:34 +0000 Gabe Young http://pmtestcenter.com/?p=691

As the project manager with a time conscience sponsor, you have been monitoring earned value throughout the year long project. At the halfway point, you report that the SPI 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/spi-what-does-it-mean/feed 0 Earned value chart http://pmtestcenter.com/earned-value-chart?utm_source=rss&utm_medium=rss&utm_campaign=earned-value-chart http://pmtestcenter.com/earned-value-chart#comments Wed, 04 Jan 2012 05:01:29 +0000 Gabe Young http://pmtestcenter.com/?p=626

At your upcoming status meeting with your project sponsor, rather than just using a table, you want to graphically show earned value. Which of the following charts will you use?

A. Trend analysis
B. Control chart
C. S-curve
D. Pareto diagram

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]]> http://pmtestcenter.com/earned-value-chart/feed 0 Cost variance and schedule variance http://pmtestcenter.com/cost-variance-and-schedule-variance?utm_source=rss&utm_medium=rss&utm_campaign=cost-variance-and-schedule-variance http://pmtestcenter.com/cost-variance-and-schedule-variance#comments Thu, 22 Dec 2011 05:01:58 +0000 Gabe Young http://pmtestcenter.com/?p=566

If a project has a Cost Variance (CV) of 1000 and a Schedule Variance (SV) of -1000, what does it mean?

A. The project is under budget and behind schedule.
B. The project is over budget and ahead of schedule.
C. It is impossible to have a negative SV.
D. The Overall Variance (OV) is 0.

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]]> http://pmtestcenter.com/cost-variance-and-schedule-variance/feed 0 Variance at Completion http://pmtestcenter.com/variance-at-completion?utm_source=rss&utm_medium=rss&utm_campaign=variance-at-completion http://pmtestcenter.com/variance-at-completion#comments Wed, 07 Dec 2011 05:01:24 +0000 Gabe Young http://pmtestcenter.com/?p=468

If the BAC is 1000, the EAC is 1200, and the ETC is 900, what is the VAC?

A. -200
B. -100
C. 100
D. 200

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]]> http://pmtestcenter.com/variance-at-completion/feed 0 Estimate to Complete http://pmtestcenter.com/estimate-to-complete?utm_source=rss&utm_medium=rss&utm_campaign=estimate-to-complete http://pmtestcenter.com/estimate-to-complete#comments Tue, 06 Dec 2011 05:01:00 +0000 Gabe Young http://pmtestcenter.com/?p=465

If the EAC is 2000, the PV is 500, and the AC is 400, what is the ETC?

A. 1100
B. 1500
C. 1600
D. 1900

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]]> http://pmtestcenter.com/estimate-to-complete/feed 0 Estimate at Completion http://pmtestcenter.com/estimate-at-completion?utm_source=rss&utm_medium=rss&utm_campaign=estimate-at-completion http://pmtestcenter.com/estimate-at-completion#comments Mon, 05 Dec 2011 05:01:12 +0000 Gabe Young http://pmtestcenter.com/?p=449

If the BAC is 1000, the CPI is 0.9, and the SPI is 1.2, what is the EAC?

A. 833.33
B. 900
C. 1111.11
D. 1200

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]]> http://pmtestcenter.com/estimate-at-completion/feed 0 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 Sun, 06 Nov 2011 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 Mon, 17 Oct 2011 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 Sun, 16 Oct 2011 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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