Chapter 8 Earned Value, Chapter 10 Measuring Accomplishment

Identify and describe the three types of work measurement

1) Discrete effort are multiples techniques that has been used for many years. These are: 50/50, 0/100, etc. 2) Apportioned effort, this method is used when certain activities are performed. 3) Level of Effort (LOE) this work package is referred as LOE and have many characteristics; general, no definite...

Calculate the Schedule Performance Index for a project where Earned Value (EV) = $500, Actual Cost (AC) = $400 and Planned Value (PV) = $450.

1.11

What is the Schedule Variance (SV) for a project where Earned Value (EV) = $8000, Actual Cost (AC) = $6000 and Planned Value (PV) = $6000.

2000

The safety inspector is testing 10 car seats for every 1000 car seats being produced. What earned value technique is the project using for this aspect of the project.

Apportioned effort

Assuming that your project is in progress , a cost underrun can be predicted at project completion when

Earned value is higher than actual cost

Which is true of earned value?

It is 100% of the completed tasks's budget

The software development work package starts on March 1st and will end during September of the same year. What earned value technique would not be advisable for this work package,

Percent complete

You are the Project manager for a project where the Schedule Performance Index (SPI) is 0.85 and Cost Performance Index (CPI) of 0.90. The project is currently

behind schedule and over budget

Actual costs must be captured at the control account level.

false

Budgeted Cost of Work Scheduled is sometimes called earned value.

false

Earned value credit for labor is taken when the labor is hired.

false

If cost variance is a positive number, it means that performing the work costs more than planned.

false

The 0/100 earned value technique has earned value when the task

has been completed

Work packages do not

have any distinguishing characteristics from other work packages

The _____ index is the ratio of earned value to planned value.

schedule performance

Cost variance could exist for control accounts using the LOE work measurement where the earned value is equal to the budget.

true

Earned value can prevent cost overruns.

true

If your CPI is less than 1, your project is performing over budget.

true

The earned value at the beginning of a project is zero.

true

The formulas for variances and indexes require EV, the earned value.

true