SY53012FP PM Chapter 5

Project Alpha has the following performance data at the end of Month 6.

Planned Value(PV) = $450,000

Earned Value(EV) = $380,000

Actual Cost (AC) = $420,000

Budget at Completion (BAC) = $90,000

Calculate the Schedule Variance (SV).

Project Alpha has the following performance data at the end of Month 6.

Planned Value(PV) = $450,000

Earned Value(EV) = $380,000

Actual Cost (AC) = $420,000

Budget at Completion (BAC) = $90,000

Calculate the Cost Variance (CV).

Project Alpha has the following performance data at the end of Month 6.

Planned Value(PV) = $450,000

Earned Value(EV) = $380,000

Actual Cost (AC) = $420,000

Budget at Completion (BAC) = $90,000

Calculate the Cost Performance Index (CPI).

Project Alpha has the following performance data at the end of Month 6.

Planned Value(PV) = $450,000

Earned Value(EV) = $380,000

Actual Cost (AC) = $420,000

Budget at Completion (BAC) = $90,000

Based on the Cost Performance Index, what can you determine on the budget?

What is the primary focus during the Project Execution Phase?

• Prevent possible problems through careful planning

• Keeping the project on track and ensuring activities are properly executed

• Defining project scope and requirements

• Creating the project charter

Which phase typically consumes the most energy and resources in the project life cycle?

• Project Initiation Phase

• Project Planning Phase

• Project Execution Phase

• Project Closing Phase

What does EVM stands for?

• Earned Value Mangaement

• Earned Value Method

• Expected Value Measurement

• Executive Value Monitoring

What is the "burn rate" in project management?

• The rate at which team members leave the project

• The project expenditure rate

• The rate of task completion

• The error rate in project deliverables

What does CPI measure?

• Cost Performance Index - Value of work completed compared to actual cost

• Cost Planning Index - planned vs actual cost

• Cost Performance Indicator - budget variance

• Cost Progress Index - percentage of budget spent

What does a negative Schedule Variance (SV) indicate?

• It indicates the project is behind schedule.
• It indicates the project has no delays.
• It indicates the project is on budget.
• It indicates the project is ahead of schedule.