EVM 101 ACTUAL TEST PAPER FULL QUESTIONS AND ACCURATE ANSWERS GRADED APLUS

EVM 101 ACTUAL TEST PAPER FULL
QUESTIONS AND ACCURATE ANSWERS
GRADED APLUS

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


●● Why is EVM important in project management?
Answer: It helps detect schedule delays, cost overruns, forecast future
performance, and support corrective actions.


●● What are the five phases of the project lifecycle?
Answer: Initiation, Planning, Execution, Monitoring & Controlling,
Closure


●● What is the main output of the Planning phase?
Answer: The Project Management Plan


●● What are the three major baselines in the Project Management Plan?
Answer: Scope baseline, Schedule baseline, Cost baseline


●● What does the scope baseline contain?

, Answer: The Work Breakdown Structure (WBS)


●● What does the schedule baseline contain?
Answer: The estimated project duration


●● What does the cost baseline contain?
Answer: The approved project budget


●● What happens during the Execution phase?
Answer: Project work is performed and work performance data is
generated.


●● Give examples of work performance data.
Answer: Activities completed, completion dates, actual time spent,
actual costs incurred


●● What does EVM compare in the Monitoring & Controlling phase?
Answer: Baselines (plan) versus actual performance data


●● What are the three key EVM measurement dimensions?
Answer: Planned Value (PV), Earned Value (EV), Actual Cost (AC)


●● What is Budget at Completion (BAC)?