Question

The EV for a project is $100,000 and the PV is $60,000.

What is the SPI?

Select one:

a. Cannot calculate SPI with info given.

b. 0.6

c. 1.66

d. 1.52

Activity A is worth $500, is finished, and cost $500 to do.

Activity B is worth $1000, is 75% finished, and has cost $700 to do so far.

Activity C is worth $100, is 50% finished, and has cost $90 to do so far.

What is the total EV for the project?

Select one:

a. -$1075

b. $1300

c. $1075

d. $1600

Activity A is worth $500, is finished, and cost $500 to complete.

Activity B is worth $1000, is 75% finished, and has cost $700 so far.

Activity C is worth $100, is 50% finished, and has cost $90 so far.

What is the CPI for the project?

Select one:

a. 0.83

b. -1.01

c. 1.01

d. -0.83

Which of the following is a measure of the remaining amount that needs to be spent on the project based on current spending efficiency?

Select one:

a. Estimated cost to completion

b. Cost Performance Index

c. Budget remaining

d. Cost variance

Activity A is worth $100, is finished, and cost $150 to complete.

Activity B is worth $500, is 25% finished, and has cost $400 so far.

Activity C is worth $500, is 75% finished, and has cost $100 so far.

Assuming current variances are typical of future variances, what is the estimated cost at completion for this project?

Select one:

a. $750

b. $880

c. $1375

d. $1200

If the CPI is 1.4 and the SPI is 2.0, what is the status of the project?

Select one:

a. Over budget and ahead of schedule

b. Over budget and behind schedule

c. Under budget and ahead of schedule

d. Under budget and behind schedule

Earned value analysis has produced the following numbers: EV = 523,000, AC = 623,000, PV = 643,000.

What are the CV and SV?

Select one:

a. CV = 100,000 and SV = 120,000

b. CV = –100,000 and SV = –120,000

c. CV = 120,000 and SV = 100,000

d. CV = –120,000 and SV = –100,000

What is the cost performance index if the earned value is 120 and the actual cost is 100?

Select one:

a. 0.83

b. 1.2

c. 2

d. -20

Earned value analysis has provided information for a project that was recently closed out: CPI = 0.7, SPI = 1.0.

What does this mean?

Select one:

a. The project’s deliverables have all been completed and the project came in on schedule but over budget

b.

The project’s deliverables have all been completed and the project came in ahead of schedule but on budget

c.

The project’s deliverables have all been completed and the project came in behind schedule but on budget

d.

The project has been cancelled while it was being executed and at that time it was behind schedule but on budget

If currently a project is 6 months ahead of schedule, what is the SV?

Select one:

a. SV = 0

b. None of these answers

c. SV > 1

d. SV < 1

Answer 1

SPI is schedule performance index it describes how soon the project will be completed

Earned value describes the value of work generated till today