Question 1 to 7

multiple choice

1). If the earned value is $50,000 and the planned value is $40,000, what is the schedule variance? (A) $90,000 B. $10,000 C. $50,000 D. $10,000 2). The earned value of a project is $50,000. The planned value of the project is $50,000 as well. In terms of schedule variance, what does this mean? A).Project on schedule B).Project is behind schedule C).Project is ahead of schedule D).Project has not started 3).The schedule variance for a project is $20,000 and the planned value $80,000. To what degree is the project ahead of behind schedule? A). 4% B). 4% C). 25% D). 25% 4). The schedule variance for a project is $20,000 and the planned value $80,000. Based on your answer in question 3 , what does your result mean? (A) Project is on time (B) Project is behind schedule (C) Project is ahead of schedule (D) Project hasn't started 5)Which metric is used for calculating the schedule performance index in addition to the earned value? (A).Planned cost (B)Actual Cost (C) Total Cost (D) Minimum Cost 6). How can the SPI above 1 be interpreted? (A).Cost efficiency of the project is below desired B).Cost efficiency of the project is above desired (c). Schedule efficiency of the project is above desired (D). Schedule efficiency of the project is below desired 7). You are working on the Butter Factory project. The equipment has arrived, and the installation work has begun. It is scheduled for 4 weeks and budget at completion is USD40,000. After the completion of the first week, you noticed that 20% of the work has been completed and the actual amount spent so far has been $15,000. What is the Schedule Performance Index? A). 0.5 B). 0.6 C).08 D). 0.9