You are working on a project that is scheduled to be completed in10 months. The total budget for the project is$10,000.Eightmonthshave passed and the schedule indicates that80%of the work should be completed by now. But your team has only completed50%of the project and spent$6000.

Question at position 12

EVM1 - What is the Planned Value (PV) for this project at this point in time?

EVM1 - What is the Planned Value (PV) for this project at this point in time?

$6,000 * 80% = $4,800

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

$10,000 * 80% = $8,000

$6,000 * 50% = $3,000

Question at position 13

EVM1 - Given the current cost performance index (CPI) of this project, the total cost of this project at completion should be:

EVM1 - Given the current cost performance index (CPI) of this project, the total cost of this project at completion should be:

Over the budgeted amount

Underthe budgeted amount

Equal to the budgeted amount

Question at position 14

EVM1 - What is the Earned Value (EV) for this project at this point in time?

EVM1 - What is the Earned Value (EV) for this project at this point in time?

$10,000 * 80% = $8,000

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

$6,000 * 50% = $3,000

$6,000 * 80% = $4,800

Question at position 15

EVM1 - What is the Cost Performance Index (CPI) for this project?

EVM1 - What is the Cost Performance Index (CPI) for this project?

1.2

1.6

.625

.833

Question at position 16

EVM1 - What is the Actual Cost (AC) for this project at this point in time?

EVM1 - What is the Actual Cost (AC) for this project at this point in time?

$6000

$8000

$5000

$10,000

Question at position 17

EVM1 - What is the Estimated Budget at Completion if we assume the cost overruns are going to continue at the same pace?

EVM1 - What is the Estimated Budget at Completion if we assume the cost overruns are going to continue at the same pace?

$6000 + $5000 = $11,000

$10,000 / .833 = $12,000

$5000 + $5000 = $10,000

Question at position 18

EVM1 - What is the Estimated Budget at Completion if the cost overruns are NOT expected to continue?

EVM1 - What is the Estimated Budget at Completion if the cost overruns are NOT expected to continue?

$6000 + ($10,000 - $5000) = $11,000

$6000 + $6000 = $12,000

$10,000 + $2000 = $12,000