The following text applies to the questions at positions 33, 34, 35, 36, 37, 38, 39, 40, 41

Instructions: Please read and answer the attached questions

Earned Value Management (EVM3)

You are working on a project that is scheduled to be completed in10 months. The total budget for the project is$10,000.Six monthshave passed and the schedule indicates that60%of the work should be completed by now. But your team has only completed50%of the project and spent$8,000.

Question at position 33

What is the Planned Value (PV) for this project at this point in time?

What is the Planned Value (PV) for this project at this point in time?

$10,000 * 60% = $6,000

$10,000 * 50% = $5,000

$8,000 * 60% = $4,800

$8,000 * 50% = $4,000

Question at position 34

What is the Earned Value (EV) for this project at this point in time?

What is the Earned Value (EV) for this project at this point in time?

$10,000 * 50% = $5,000

$8,000 * 60% = $4,800

$10,000 * 60% = $6,000

$8,000 * 50% = $4,000

Question at position 35

What is the Cost Performance Index (CPI) for this project?

What is the Cost Performance Index (CPI) for this project?

CPI = .625

CPI = .833

CPI = 1.6

CPI =1.2