Lesson 11 – Assessment

1. Consider the following cumulative measures:
BAC = 200 : AC = 120 : EV = 80 : CPI = 0.666
Assuming that what the project has experienced to date can be expected to continue in the future, the estimate at completion (EAC) is:

2. The cost performance baseline has all of the following characteristics EXCEPT:

3. The Estimate At Completion (EAC) is typically based on:

4. Your earned value management analysis indicates that your project is falling behind its baseline schedule. You know this because the cumulative EV is much:

5. Earned value management (EVM) is a commonly used:

6. During the sixth monthly update on a ten-month, $300,000 project, the earned value management analysis shows that the cumulative PV is $190,000, the cumulative AC is $120,000, and the cumulative EV is $150,000. In planning its action, the project management team can conclude all of the following from these measures EXCEPT:

7. A project has the following characteristics: -US$3 million budget -Planned cost of US$630,000 -Actual cost of US$650,000 -Earned value of US$540,000 which statement is true about the current status of the project?

8. A project’s deliverable on the critical path is lagging behind schedule. The cost performance index (CPI) is 1.3. The Project Manager is able to put the project back on schedule. What is the most likely outcome for the project?

9. A project is 7 months into execution. The project manager determines that the cost performance index (CPI) is 0.80. According to a trend analysis, the CPI has a downward trend. What is the next step that the project manager should take?

10. Earned value management is the tool and technique of which process?

11. Earned value (EV) involves all of the following EXCEPT:

12. If cumulative PV = 100, cumulative EV= 98, and cumulative AC= 104, the project is likely to be:

13. What are the performance measurements for the Schedule Control process?

14. This measurement is the value of the work that has been completed to date compared to the budget.

15. You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower’s site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300, AC = 200, and EV = 250. What is the CPI of this project?

16. You are the project manager of the Carpet Installation Project for a new building. Your BAC is $600,000. You are now 40 percent done with the project, though your plan called for you to be 45 percent done with the work at this time. What is your earned value?

17. A cost performance index (CPI) of 0.89 means: