EVM 101 UPDATED ACTUAL QUESTIONS AND CORRECT ANSWERS COMPREHENSIVE STUDY GUIDE

EVM 101 UPDATED ACTUAL QUESTIONS
AND CORRECT ANSWERS
COMPREHENSIVE STUDY GUIDE

●● In which project lifecycle phase is EVM forecasting mainly used?
Answer: Monitoring & Controlling (M&C) phase.


●● What process within Monitoring & Controlling uses EVM
forecasting?
Answer: Control Costs process.


●● What does EVM compare?
Answer: Actual project performance against the original project
baseline.


●● What are the four main EVM performance metrics?
Answer: Cost Variance (CV), Schedule Variance (SV), Cost
Performance Index (CPI), and Schedule Performance Index (SPI).


●● What does Cost Variance (CV) measure?
Answer: Whether the project is over or under budget. Formula: CV =
EV - AC

, ●● What does Schedule Variance (SV) measure?
Answer: Whether the project is ahead or behind schedule. Formula: SV
= EV - PV


●● What does CPI measure?
Answer: Cost efficiency of project performance. Formula: CPI = EV /
AC


●● What does SPI measure?
Answer: Schedule efficiency of project performance. Formula: SPI = EV
/ PV


●● What are the four key forecasting components?
Answer: Estimate at Completion (EAC), Estimate to Complete (ETC),
Variance at Completion (VAC), and To-Complete Performance Index
(TCPI).


●● What is Estimate at Completion (EAC)?
Answer: A forecast of the total project cost at completion based on
current performance.


●● What is another way to describe EAC?
Answer: A revised Budget at Completion (BAC).