EVM for PMP Proctored Exam Questions And Answers 100 Approved.

BAC - correct answer performance baseline cost, what is the project expected to cost. PV - correct answer planned value, budgeted cost of work scheduled, value of work that should be hen completed at given point in time. AC - correct answer actual cost actual cost of work performed. cost of work that has been completed at a given point in time. EV - correct answer budgeted cost of work performance. BAC x % complete SPI - correct answer schedule performance index EV/PV efficiency indicator of planned vs actual 1 or 100 = perfectly efficient greater than 1 project is ahead of schedule if less than 1 project is behind schedule or inneficient SV - correct answer schedule variance EV-PV variance indicator of how much ahead or behind schedule zero means project is on schedule greater than 0 is ahead of schedule less than 0 is behind schedule CPI - correct answer cost performance index EV/AC efficiently indicator of budget vs actual 1 or 100 means on budget greater than 1 is under budget less than one is over budget CV - correct answer cost variance EV-AC variance indicator of how much over/under budget result of zero means the project is exactly on budget greater than 0 is the amount under budget less than 0 is the amount over budget EAC - correct answer estimate at completion EAC=BAC/CPI estimates total projected cost if EAC is greater than BAC then project is under budget if EAC is greater than BAC then project is over budget ETC - correct answer estimate to completion ETC= EAC-AC using estimate at completion and actual costs to date, the difference is the cost required to finish VAC - correct answer variance at completion VAC=BAC-EAC using the original cost estimate (BAC) and the updated estimated cost (EAC), the difference is the amount of project over/under budget at project completion. TCPI - correct answer to-complete performance index TCPI = (BAC-EV) / (BAC-AC) an indicator of the project in order to finish on-time and on-budget behind schedule will be greater than 1 ahead of schedule will be less than 1