What is the primary purpose of Earned Value Management (EVM)?
What is Earned Value Management - EVM? PM in Under 5

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Business
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12th Grade - University
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To reduce the number of project tasks
To delay project schedules
To increase the budget of projects
To track the performance of government programs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which measure in EVM represents the total budgeted cost of a project?
Earned Value
Planned Value
Budget at Completion
Actual Cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How is the Planned Value calculated in EVM?
By multiplying the actual cost by the completed work
By dividing the budget at completion by the total project cost
By multiplying the budget at completion by the proportion of planned work
By adding the earned value to the actual cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the difference between budgeted cost and actual cost indicate in EVM?
Schedule performance
Cost performance
Project duration
Resource allocation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a key advantage of using Earned Value Management?
It guarantees project success
It focuses solely on cost performance
It eliminates the need for project schedules
It combines cost and schedule performance
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a forecast that EVM can produce?
Project team size
Resource availability
Project location
Estimate to complete
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do the indices CPI and SPI stand for in EVM?
Cost Planning Index and Schedule Planning Index
Cost Performance Index and Schedule Performance Index
Cost Process Index and Schedule Process Index
Cost Projection Index and Schedule Projection Index
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