$7.$ A project manager expects that the project would finish one month before the planned

finish date. However he expects that the project to exceed the budgeted cost. What is true

about the Schedule Performance Index $($SPI$)$

SPI is equal to $1\mathrm{.}0$

SV is less than $0$

SPI is greater than $1\mathrm{.}0$

SPI is less than $1\mathrm{.}0$

$8.$ Earned Value Measurements of a project indicate that the current CPI is $0\mathrm{.}80$ and the

current SPI is $0\mathrm{.}98.$ For the next phase of the project the project manager should focus on

which element of the project.

Stakeholder Engagement

Schedule

Change control process

Cost

$9.$ SPI greater than one implies that

Project is ahead of schedule

Project progress is according to the baseline plan

Project is behind schedule

Earned Value $($EV$)$ is less than Planned Value $($PV$)$

$10.$ At the end of the project schedule variance is equal to

Zero

Earned Value

One

Planned Value

$11.$ How much we will be over or under budget at the end of the project; is expressed by$?$

Estimate to Complete $($ETC$)=($BAC $$ EV$)/$ CPI

To$-$Complete Performance Index $($TCPI$)=($BAC $$ EV$)/($BAC $$ AC$)$

Variance at Completion $($VAC$)=$ EAC $$ BAC

Estimate at completion $($EAC $)=$ BAC $/$ CPI

$12.$ What is the upper limit imposed on Actual Cost $($AC$)$

AC does not have any upper limit

Depends on the nature of the project

AC is limited to $2$ times the planned value

AC is limited to $3$ times the planned value

$13.$ A project manager determined that BAC is no longer viable and developed a forecasted

EAC. What index can the project manager use to look at the calculated projection of cost

performance that must be achieved on the remaining work.

Cost Variance $($CV$)$

To Complete Performance Index $($TCPI$)$

Cost Performance Index $($CPI$)$

Variance at Completion $($VAC$)$

$14.$ Schedule Variance $($SV$)$ less than zero implies that

Schedule progress is as per the baseline plan

Project is behind schedule

Earned Value $($EV$)$ is greater than Planned $($PV$)$

Project is ahead of schedule

$15.$ The Earned Value Methodology $($EVM$)$ can be used as a means to

Calculate the number of days left in the project

Calculate the profitability of the project

Calculate the value provided to the customer

Forecast future performance based on past performance

$16.$ Work remaining on the project is expressed as

EAC $-$ AC

BAC $-$ AC

BAC $-$ EV

BAC $-$ EC

$17.$ Which of the following formulas answers the question; What is the remaining work likely

to cost$?$

To$-$Complete Performance Index $($TCPI$)=($BAC $$ EV$)/($EAC $$ AC

Estimate to Complete $($ETC$)=($BAC $$ EV$)/$ CPI

Estimate at completion $($EAC$)=$ AC $+$ Bottom up ETC

Variance at Completion $($VAC$)=$ EAC $$