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Earned Value Management Knowledge Test

Adam Odd 13 questions

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Questions in this quiz (13)

  1. 1You have a construction project to be completed in 12 months and the total cost of the project is $134,567. Six months have passed and you've have spent $65,488 and the schedule says that 50% of the work should be completed. Upon closer review you find that only 42% of work has been completed.Image for question 1
    1. A$134,567
    2. B$67,283.50
    3. C$56,518.40
    4. D$65,488
    5. E-$8,9696
    6. F$10,765.10
    7. G.84
    8. H.863
    9. I$155,929.32
    10. J$90,441.32
    11. K-$21,262.32
    12. L1.13
  2. 2You have a construction project to be completed in 36 months and the total cost of the project is $1,534,567. 18 months have passed and you've have spent $869,498 and the schedule says that 50% of the work should be completed. Upon closer review you find that only 56% of work has been completed.Image for question 2
    1. A$1,534,567.18
    2. B$767,283.59
    3. C$859,356.62
    4. D$869,498
    5. E-$10,141.38
    6. F-$92,073.03
    7. G.99
    8. H1.11
    9. I$1,382,492.95
    10. J$512,994.95
    11. K$152,074.23
    12. L1.02
  3. 3What is the formula for planned value?
    1. APlanned % complete x BAC
    2. BActual % complete x BAC
    3. CPlanned % complete x EAC
    4. DPlanned % complete x TCPI
  4. 4What is the formula for Earned Value?
    1. AActual % complete x BAC
    2. BActual cost spent to date
    3. CBAC x AC
    4. D(BAC-EV)/(BAC-AC)
  5. 5What is AC?
    1. APlanned cost at completion of project
    2. BAnnual Cost
    3. CActual cost for entire project
    4. DActual cost to date
  6. 6Cost Variance: [blank_start]CV = EV-AC[blank_end]
    1. ACV = EV-AC
  7. 7Schedule Variance: [blank_start]SV = EV-PV[blank_end]
    1. ASV = EV-PV
  8. 8Cost Performance Index: [blank_start]CPI = EV/AC[blank_end]
    1. ACPI = EV/AC
  9. 9Schedule Performance Index: [blank_start]SPI = EV/PV[blank_end]
    1. ASPI = EV/PV
  10. 10Estimated at Completion: [blank_start]EAC = BAC/CPI[blank_end]
    1. AEAC = BAC/CPI

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Description
Project Management Quiz on Earned Value Management Knowledge Test, created by Adam Odd on 27/06/2018.
Author
Adam Odd
Language
English
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