Earned value measurement systems must be capable of:

Question 1

If the schedule variance is positive and the cost variance is negative, the project’s status is:

a.

Under budget and behind schedule

b.

Under budget and ahead of schedule

c.

Over budget and behind schedule

d.

Over budget and ahead of schedule

Question 2

If PV = $100, EV = $200, and AC = $300, the status is:

a.

Over budget and ahead of schedule

b.

Under budget and ahead of schedule

c.

Under budget and behind schedule

d.

Over budget and behind schedule

Question 3

Consider the following: BAC = $1000, VAC = <$200>, and AC = $400. Therefore, SV = _____.

a.

$480

b.

$600

c.

$800

d.

cannot be determined

Question 4

The form that is used to establish charge numbers is the:

a.

Cost account change notice

b.

Work package

c.

Work authorization form

d.

Responsibility assignment matrix

Question 5

The best method to price out a work package is to use the:

a.

Statistical data from the Payroll Department

b.

Actual salaries of the workers, assuming they are known

c.

Average departmental labor rate

d.

Average pay grade labor rate

Question 6

Earned value measurement systems must be capable of:

a.

Measuring resources consumed

b.

Measuring status and accomplishment

c.

Provide a basis for diagnosis and replanning

d.

All of the above

Question 7

The 50-50 rule is a technique used to determine:

a.

CPI

b.

EAC

c.

EV

d.

VAC

Question 8

Work that does not lend itself to subdivision into discrete scheduled increments of work, such as project support, is called:

a.

Work package effort

b.

Measurable effort

c.

Level of effort

d.

Discrete estimates

Question 9

The person or group with greatest ability to influence cost at project initiation is:

a.

The project manager

b.

The project team

c.

The customer/owner

d.

The users