Earned Value Management (EVM3)

You are working on a project that is scheduled to be completed in 10 months. The total budget for the project is $10,000. Six months have passed and the schedule indicates that 60% of the work should be completed by now. But your team has only completed 50% of the project and spent $8,000.

What is the Actual Cost (AC) for this project at this point in time?

What is the Actual Cost (AC) for this project at this point in time?

$8000

$5000

$6000

$10,000

Question at position 37

37

2 points

Question 37 is unpinned. Click to pin.

Question at position 37

What is the Earned Value (EV) for this project at this point in time?

What is the Earned Value (EV) for this project at this point in time?

$10,000 * 50% = $5,000

$8,000 * 50% = $4,000

$10,000 * 60% = $6,000

$6,000 * 50% = $3,000

Question at position 38

38

2 points

Question 38 is unpinned. Click to pin.

View Stimulus

Question at position 38

What is the BAC at this point?

What is the BAC at this point?

$6000

$7000

$5000

$8000

$10,000

Question at position 39

39

2 points

Question 39 is unpinned. Click to pin.

View Stimulus

Question at position 39

What is the SPI at this point?

What is the SPI at this point?

0.60

0.8333

0.75

0.625

Question at position 40

40

2 points

Question 40 is unpinned. Click to pin.

View Stimulus

Question at position 40

What percentage is the project behind schedule? [Hint: SV%)

What percentage is the project behind schedule? [Hint: SV%)

None of the above

62.5%

60%

16%

Question at position 41

41

2 points

Question 41 is unpinned. Click to pin.

View Stimulus

Question at position 41

What percentage is the project over budget at this time? [Hint:CV%]

What percentage is the project over budget at this time? [Hint:CV%]

30%

37.5%

60%

50%