Practice Question #1

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics

1 Budget at completion (BAC): How much will my project cost?

Practice Question #2

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics

2 Planned value (PV): What're our planned value at a point in time?

ou are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

$400,500

3 Earned value (EV): How much value have we earned so far?

Practice Question #3

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

$400,500

4 Actual cost (AC): How much have we spent so far?

Practice Question #4

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

$400,500

4 Actual cost (AC): How much have we spent so far?

Practice Question #5

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

$400,500

5 Cost variance (CV): What is the amount your project is going to be completed over or under budget?

Practice Question #6

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

-$400,500

6 What is Schedule variance (SV)of your project?

Practice Question #7

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

1.20

7 Cost performance index (CPI):

a) What is our CPI?

b) How much are we earning for each dollar spent?

Practice Question #8

You are a project manager constructing six additional offices in a building. Each of the six offices is identical; the project cost is estimated to be $300,000. Construction is expected to take 5 weeks.

You are creating a report for your sponsor at the end of week 2 when two rooms are complete. Work has not begun on room number 3 is yet.

So far you have spent $118,000 and the expectation is that project expenses will continue at this rate of for the project duration.

Calculate these Earned Value Metrics.

Please enter your answer in this format where value only required:

1.23

8 Schedule performance index (SPI):

a) What is our SPI?

b) How are we progressing compared to the schedule?