1. SPI greater than one implies that Earned Value (EV) is less than Planned Value (PV) Project progress is according to the baseline plan Project is behind schedule Project is ahead of schedule 2. Schedule Variance (SV) greater than zero implies that Project is ahead of schedule EV is less than PV Project is behind schedule Project progress is as per the baseline plan 3. Earned Value (EV) minus Planned Value (PV) is Cost Variance (CV) Schedule Performance Index (SPI) Schedule Variance (SV) Cost Performance Index (CPI) 4. CPI greater than one implies that Project is under budget Project progress is as per the baseline plan Project is over budget Actual Cost (AC) is greater than Earned Value (EV)

5. A project's current total Earned Value (EV) is 150,000 and the Actual Cost (AC) is 100,000. What is the Cost Variance (CV) of the project? CV is 1.5 CV is -1.5 CV is 50,000 CV = -50,000 6. A project is estimated to cost 50,000 with a timeline of 50 days. After 25 days, the project manager finds that actual cost is 50,000. What is the Cost Performance Index (CPI)? CPI is 1 CPI is 1.5 CPI is 2 CPI is 0.5 7. What is EAC for the project if BAC = 50,000AC=10,000 EV = 7,000, ETC=50,000 $50,000 $67,000 $73,000 $60,000 8. What is the best way to calculate the Estimate At Completion (EAC) when original estimates are no longer valid. EAC = AC + [(BAC EV) / (CPI x SPI)]

EAC = AC + ETC EAC = AC + BAC EV EAC = BAC/CPI 9. Schedule Variance (SV) less than zero implies that Earned Value (EV) is greater than Planned (PV) Project is behind schedule Project is ahead of schedule Schedule progress is as per the baseline plan 10. What is the best way to accurately calculate Estimate to Completion (ETC) BAC - EV (BAC - EV) / CPI Manual forecasting of cost of the remaining work EAC AC