Project Management, EVA Part 3. [Video-2] Question 5. How many statements are true? (A) O_(B) 1 (C)2 (D) 3 (E) 4 Statement 1. The schedule variance and schedule performance index indicate the condition of project schedule at a point in time during the project. Statement 2. The estimated cost at completion and the estimated time at completion address the condition of the project at a future point in time. Statement 3. A negative cost variance will always result in a schedule performance index less than one. Statement 4. A positive schedule variance indicates the project is behind schedule. Part 4. [Video-2] Consider a 10-month $20,000 project with the EVA performed resulting in an earned value of $5,600, an # actual cost of $6,500, and a planned value of $4,800. Question 6. How many statements are true? (A) O_(B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The cost variance is $900 Statement 2. The schedule variance is +$800 Statement 3. The cost performance index is 1.25 Statement 4. The schedule performance index is 0.80 Project Management, EVA Part 3. [Video-2] Question 5. How many statements are true? (A) O_(B) 1 (C)2 (D) 3 (E) 4 Statement 1. The schedule variance and schedule performance index indicate the condition of project schedule at a point in time during the project. Statement 2. The estimated cost at completion and the estimated time at completion address the condition of the project at a future point in time. Statement 3. A negative cost variance will always result in a schedule performance index less than one. Statement 4. A positive schedule variance indicates the project is behind schedule. Part 4. [Video-2] Consider a 10-month $20,000 project with the EVA performed resulting in an earned value of $5,600, an # actual cost of $6,500, and a planned value of $4,800. Question 6. How many statements are true? (A) O_(B) 1 (C) 2 (D) 3 (E) 4 Statement 1. The cost variance is $900 Statement 2. The schedule variance is +$800 Statement 3. The cost performance index is 1.25 Statement 4. The schedule performance index is 0.80