EVM 101 FINAL EXAM STUDY GUIDE
2026 COMPLETE QUESTIONS WITH
CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS
<LATEST VERSION>
1. PV (Planned Value) - ANSWER ✔ Time-phased estimate value of planned
work
BCWS
2. BAC - ANSWER ✔ Budgeted at Complete
total estimated value for all work planed through any given level
authorized work
3. EV (Earned Value) - ANSWER ✔ time phased estimate value of completed
work thorugh any given level and time period (BCWP)
4. AC (Actual Cost) - ANSWER ✔ Actual Cost of Work Performed (ACWP)
5. SV - ANSWER ✔ Seduled Variance
EV-PV
, Positive (Ahead of Schedue)
6. CV - ANSWER ✔ Cost Variance
EV-AC
Poisitve (Under Budget)
7. EAC - ANSWER ✔ -Estimate at Completion
-BAC/CPI
-Independet cost estimated to complete all work planned through any given
level
-forecast cost
8. SPI - ANSWER ✔ Scheduled Performance Index
EV/PV
BCWP/BCWS
>1 = Ahead of Schedule
9. CPI - ANSWER ✔ Cost Performance Index
EV/AC
BCWP/ACWP
>1.00 = (Under Budget)
10.% Scheduled - ANSWER ✔ PV/BAC
,11.% Completed - ANSWER ✔ EV/ BAC
12.% Spent - ANSWER ✔ AC/ BAC
13.TCPI - ANSWER ✔ To-Complete Performance Index
(BAC-EVcum)/(BAC-ACcum)
>1 = Must be more efficient
14.Performance Measurement Baseline (PMB) - ANSWER ✔ The performance
measurement baseline (PMB) is the time-phased plan for accomplishing the
contractual scope of work (SOW) against which contract performance is
measured. The PMB is the resourced, budgeted cost for work scheduled
(BCWS) for the contract.
15.Over Target Baseline (OTB) - ANSWER ✔ An over target baseline (OTB)
is the condition created when the PMB is formally replanned to include
additional performance management budget in excess of the contract's
originally negotiated cost. An OTB increases the performance budget
without modifying the work scope, or other constraints of the contract.
16.Over Target Schedule (OTS) - ANSWER ✔ An over target schedule (OTS)
is the condition created when the contractor replans the schedule to one that
exceeds the contract milestones and/or delivery date(s). The new schedule
also becomes the basis for the performance budgets. An OTS is typically
accompanied by increased cost, and thus an OTB.
, 17.Total Allocated Budget (TAB) - ANSWER ✔ The total allocated budget
(TAB) reflects the budget for all authorized work scope. The TAB will
always be equal to the Contract Budget Base (CBB) unless an OTB has been
approved. Throughout a contract, the TAB may change in value due to
negotiated contract modifications, or authorized unpriced work (AUW)
18.Contract Budget Base (CBB) - ANSWER ✔ The contract budget base is the
sum of the negotiated contract cost and the estimated cost of any authorized
unpriced work budgets: the CBB represents the current value of the project.
The CBB also includes and budget set aside for management reserve.
Contract overruns or underruns are determined by comparing the final cost
of the contract with the CBB.
19.how many guidelines are there in the APM EVM - ANSWER ✔ thirty two
guidelines divided between five sections
20.the five guideline sections are - ANSWER ✔ organisation, accounting
considerations, analysis and management reports, revisions and data
maintenance, planning scheduling and budgeting
21.the thirty two guidelines ensure - ANSWER ✔ the integrity of the projects
baseline planning, performance measurement and cost collection processes
2026 COMPLETE QUESTIONS WITH
CORRECT DETAILED ANSWERS ||
100% GUARANTEED PASS
<LATEST VERSION>
1. PV (Planned Value) - ANSWER ✔ Time-phased estimate value of planned
work
BCWS
2. BAC - ANSWER ✔ Budgeted at Complete
total estimated value for all work planed through any given level
authorized work
3. EV (Earned Value) - ANSWER ✔ time phased estimate value of completed
work thorugh any given level and time period (BCWP)
4. AC (Actual Cost) - ANSWER ✔ Actual Cost of Work Performed (ACWP)
5. SV - ANSWER ✔ Seduled Variance
EV-PV
, Positive (Ahead of Schedue)
6. CV - ANSWER ✔ Cost Variance
EV-AC
Poisitve (Under Budget)
7. EAC - ANSWER ✔ -Estimate at Completion
-BAC/CPI
-Independet cost estimated to complete all work planned through any given
level
-forecast cost
8. SPI - ANSWER ✔ Scheduled Performance Index
EV/PV
BCWP/BCWS
>1 = Ahead of Schedule
9. CPI - ANSWER ✔ Cost Performance Index
EV/AC
BCWP/ACWP
>1.00 = (Under Budget)
10.% Scheduled - ANSWER ✔ PV/BAC
,11.% Completed - ANSWER ✔ EV/ BAC
12.% Spent - ANSWER ✔ AC/ BAC
13.TCPI - ANSWER ✔ To-Complete Performance Index
(BAC-EVcum)/(BAC-ACcum)
>1 = Must be more efficient
14.Performance Measurement Baseline (PMB) - ANSWER ✔ The performance
measurement baseline (PMB) is the time-phased plan for accomplishing the
contractual scope of work (SOW) against which contract performance is
measured. The PMB is the resourced, budgeted cost for work scheduled
(BCWS) for the contract.
15.Over Target Baseline (OTB) - ANSWER ✔ An over target baseline (OTB)
is the condition created when the PMB is formally replanned to include
additional performance management budget in excess of the contract's
originally negotiated cost. An OTB increases the performance budget
without modifying the work scope, or other constraints of the contract.
16.Over Target Schedule (OTS) - ANSWER ✔ An over target schedule (OTS)
is the condition created when the contractor replans the schedule to one that
exceeds the contract milestones and/or delivery date(s). The new schedule
also becomes the basis for the performance budgets. An OTS is typically
accompanied by increased cost, and thus an OTB.
, 17.Total Allocated Budget (TAB) - ANSWER ✔ The total allocated budget
(TAB) reflects the budget for all authorized work scope. The TAB will
always be equal to the Contract Budget Base (CBB) unless an OTB has been
approved. Throughout a contract, the TAB may change in value due to
negotiated contract modifications, or authorized unpriced work (AUW)
18.Contract Budget Base (CBB) - ANSWER ✔ The contract budget base is the
sum of the negotiated contract cost and the estimated cost of any authorized
unpriced work budgets: the CBB represents the current value of the project.
The CBB also includes and budget set aside for management reserve.
Contract overruns or underruns are determined by comparing the final cost
of the contract with the CBB.
19.how many guidelines are there in the APM EVM - ANSWER ✔ thirty two
guidelines divided between five sections
20.the five guideline sections are - ANSWER ✔ organisation, accounting
considerations, analysis and management reports, revisions and data
maintenance, planning scheduling and budgeting
21.the thirty two guidelines ensure - ANSWER ✔ the integrity of the projects
baseline planning, performance measurement and cost collection processes
