1. The following Earned Value analysis is being reported on a project status report. Fill in the statements below with the correct response.

Project Statistics
AC - Actual Cost:	$ 100,000
PV - Planned Value:	$ 85,000
EV - Earned Value:	$ 90,000

• Cost Variance (CV) =-$10,000
• Schedule Variance (SV) = $5,000
• Cost Performance Index (CPI) = .90
• Schedule Performance Index (SPI) = 1.06

1. The project is ________ schedule.

select:

a). ahead

b). behind schedule

2. You can tell because the SV is

select:

a) positive

b) negative

3. The SPI is:

select:

a) more than 1

b) less than 1

3. The project is ________ budget.

select:

a) over

b) under

4. You can tell because the CV is:

select

a). positive

b). negative

5. The CPI is

select:

a). more than 1

b). less than 1

-- Your organization must choose between the following two projects based on their EMV (Estimated Monetary Value). Fill in the statements below.

a. Project _____ is the best one to choose based on EMV.

select:

a). 2

b). 1

b.Project ______ has a lower EMV score, even though it has a higher potential profit if all goes well.

select:

a). 2

b). 1

c. EMV is a tool designed to incorporate ________into the budget process.

select:

a). Risk

b). Cost

c). Quality

Another term for it is ______

select:

a). Decision Tree

b). EVM

c). Risk Register