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EVM & Forecasting Practice Questions

The document contains 10 questions and answers related to earned value management metrics like CV, CPI, SPI, ETC, EAC. Question 1 asks to calculate CV given information about planned vs actual work completed and cost. The CV is 1,000,000. Question 5 asks what metric should be used to estimate total project cost, and the answer is EAC. Question 6 provides information to calculate ETC given BAC, AC, and CPI, and the ETC is Rs. 2,000.

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Nimra Naveed
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220 views20 pages

EVM & Forecasting Practice Questions

The document contains 10 questions and answers related to earned value management metrics like CV, CPI, SPI, ETC, EAC. Question 1 asks to calculate CV given information about planned vs actual work completed and cost. The CV is 1,000,000. Question 5 asks what metric should be used to estimate total project cost, and the answer is EAC. Question 6 provides information to calculate ETC given BAC, AC, and CPI, and the ETC is Rs. 2,000.

Uploaded by

Nimra Naveed
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Question 1

Zahoor has spent Rs.5,000,000 till date performing


Rs.6,000,000 worth of work but was scheduled to
complete Rs.5,500,000 worth of work at that date. CV of
the project is:

A -500,000
B 1,000,000
C 500,000
D -1,000,000
Answer 1

B
1,000,000
Question 2
You are halfway through your project and your sponsor
would like to know how much remaining work is left to
complete the project. What earned value metric should
you use?

A CV
B AC
C EAC
D ETC
Answer 2

D
ETC
Question 3
Asghar is working on a project whose Budget At
Completion is Rs.6,000, Actual Cost spend till date is
Rs.5,000 and CPI calculated is 0.8, EAC on budgeted rate
will be?

A 7,250
B 7,000
C 6,750
D None of the above
Answer 3

B
7,000
Question 4
Manzoor has spent Rs.3m during a project performing
Rs.2.5m worth of work till date, where as he was
scheduled to complete Rs.4m worth of work at that date.
The SPI is:

A 0.750
B 0.625
C 0.833
D None of the above
Answer 4

B
0.625
Question 5
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 metric should you use?

A CV
B AC
C EAC
D ETC
Answer 5

C
EAC
Question 6
Omer is working on a project whose Budget At Completion
is Rs.6,000, Actual Cost spent is Rs.5,000 CPI is 0.8,
Estimate To Complete would be ?

A Rs.2,000
B Rs.1,000
C Rs.800
D Rs.250
Answer 6

A
2,000
Question 7
If operations on a work package were estimated to cost
Rs.1,500 and finish today but, instead, have cost Rs.1,350
and are only two-thirds complete, the cost variance is

A Rs.150
B - Rs.150
C - Rs.350
D Rs.500
Answer 7

C
-350
Question 8
If you want to calculate the ETC based on your
expectations that similar variances to those noted to date
will not occur, you should use which of the following
formulas?

A ETC = BAC – EV
B ETC = (BAC – EV)/CPI
C ETC = AC + EAC
D ETC = AC + BAC – EV
Answer 8

A
ETC = BAC – EV
Question 9
Which of the following calculations CANNOT be used to
determine EAC?

A EV to date plus the remaining project budget


B Accept actual costs and predict ETC work will be
done at the budgeted rate
C Assume what the program has experienced can be
expected to continue
D ETC will be performed at an efficiency rate considering
both the CPI and SPI
Answer 9

A
EV to date plus the remaining project budget
Question 10
The CPI on your project is 0.84. This means that you
should:

A Place emphasis on improving the timeliness


B Reassess the life-cycle costs of your product
C Recognize that your original estimates were
fundamentally flawed
D Place emphasis on improving the productivity
Answer 10

D
Place emphasis on improving the
productivity

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