s 1. If a project has a Schedule Performance Index (SPI) of 0.90, this means that: A. 90% of the work planned to date has been completed B. 90% of the work of the whole project has been completed C. 90% of the budget planned to date has been spent D. 90% of the project budget has been spent 2. If a project has a Cost Performance Index (CPI) of 0.90, this means that: A. 90% of the work planned to date has been completed B. 90% of the budget planned to date has been spent C. 111% of the budget planned to date has been spent D. 111% of the project budget has been spent 3. A project with both Schedule Performance Index (SPI) and Cost Performance Index (CPI) of 0.80. The project is currently: A. ahead of schedule and under budget B. behind schedule and under budget C. ahead of schedule and over budget D. behind schedule and over budget 4. According to EVM, which term below represents the budgeted cost of the work to be completed to date? A. Planned Value (PV) B. Earned Value (EV) C. Actual Cost (AC) D. SV (Schedule Variance) 5. A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Schedule Variance (SV)? A. $200 B. $0 C. -$100 D. -$200 6. A project with Earned Value (EV) = $1000, Actual Cost (AC) = $800 and Planned Value (PV) = $800. What is the Cost Variance (CV)? A. $200 B. $0 C. -$100 D. -$200 7. A project with Earned Value (EV) = $250, Actual Cost (AC) = $200 and Planned Value (PV) = $350. What is the Schedule Performance Index (SPI)? A. 1.25 B. 0.80 C. 0.71 D. 1.40 8. A project with Earned Value (EV) = $250, Actual Cost (AC) = $200 and Planned Value (PV) = $350. What is the Cost Performance Index (CPI)? A. 1.25 B. 0.80 C. 0.71 D. 1.40 9. You are the project manager of a housing project in which a total of 10 houses are to be build over 10 months (1 house per month). The total budget for the housing project is $1,000,000. The project is now at the end of the 6th month with 5 houses built and $500,000 spent. The project is behind schedule owing to a work strike for a month. The Cost Performance Index (CPI) for the project is: A. 1.0 B. 0.9 C. 1.1 D. 1.2 10. You are the project manager of a road paving project. A total of 10km of road is to be paved over a 5-month period. The total budget for the project is $10,000. The project is now at the end of the 3rd month with 8km of road paved and $8,000 spent. The Schedule Performance Index (SPI) for the project is: A. 0.78 B. 0.98 C. 1.20 D. 1.33