UPDATED QUESTIONS AND CORRECT
ANSWERS
EV (Earned Value) Formula - CORRECT ANSWER Total Project Budget x % Completed
SPI (Scheduled Performance Index) Formula - CORRECT ANSWER EV / PV
What does SPI measure? - CORRECT ANSWER Schedule efficiency
PV (Planned Value) - CORRECT ANSWER Value of work planned by a specific date in the
project schedule
Communication Plan - CORRECT ANSWER Defines how information will be shared
CCB (Change Control Board) - CORRECT ANSWER Formal group managing project changes
Change Request - CORRECT ANSWER Formal proposal to modify triple constraints
WBS (Work Breakdown Structure) - CORRECT ANSWER Hierarchical decomposition of
project scope
What does PMP stand for? - CORRECT ANSWER Project Management Professional
CAPM - CORRECT ANSWER Certified Associate in Project Management
AXELOS, Ltd - CORRECT ANSWER Associated with ITIL and PRINCE2 frameworks
Organizational Structures - CORRECT ANSWER Functional, Matrix, Projectized