Reading...
Play button
Play button
Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
25 Cards in this Set
- Front
- Back
|
If the schedule variance is positive and the cost variance is negative, the project’s status is:
A. Over budget and behind schedule B. Over budget and ahead of schedule C. Under budget and behind schedule D. Under budget and ahead of schedule |
D
|
|
|
The EVMS term that represents the value of work actually accomplished is:
A. PV B. EV C. AC D. BAC |
B
|
|
|
Which of the following terms is used to determine the trend on cost?
A. CV B. EAC C. CPI D. AC |
C
|
|
|
If PV = $100, EV = $200 and AC = $300, the status is:
A. Over budget and behind schedule B. Over budget and ahead of schedule C. Under budget and behind schedule D. Under budget and ahead of schedule |
B
|
|
|
If SPI = 1.05 and CPI = 0.96, the project’s trend is:
A. Over budget and behind schedule B. Over budget and ahead of schedule C. Under budget and behind schedule D. Under budget and ahead of schedule |
B
|
|
|
Consider the following: BAC = $1000, VAC = <$200>, and AC = $400. Therefore EV = _____.
A. $ 480 B. $ 600 C. $ 800 D. Cannot be determined |
A
|
|
|
Consider the following: BAC = $1000, VAC = <$200>, and AC = $400. Therefore, SV = _____.
A. $ 480 B. $ 600 C. $ 800 D. Cannot be determined |
D
|
|
|
The difference between the cost baseline and the contracted cost is the:
A. Cost at completion B. Management reserve C. Profit D. Cost of scope changes |
B
|
|
|
The best source of revenue for a customer-requested scope change is:
A. A customer-funded contract amendment B. Management reserve C. Undistributed budget D. Profits |
A
|
|
|
The form that is used to establish charge numbers is the:
A. Responsibility Assignment matrix B. Work authorization form C. Work package D. Cost account change notice |
B
|
|
|
The weakness in all of earned value measurement is the way we calculate:
A. PV B. EV C. AC D. EAC |
B
|
|
|
The best method to price out a work package is to use the:
A. Average departmental labor rate B. Average pay grade labor rate C. Actual salary of the workers assuming they are known D. Statistical data from the Payroll Department |
C
|
|
|
Which of the following escalation factors are usually paid for with funds from the management reserve?
A. Salaries B. Overhead rates C. Material costs D. All of the above |
D
|
|
|
A common cause for a favorable SV but unfavorable CV might be:
A. Using lower salaried workers B. Using overtime C. Using less expensive raw materials D. All of the above |
B
|
|
|
A common cause for a favorable CV but unfavorable SV might be:
A. Too many workers on the project B. Too few workers on the project C. Crashing the project D. Use of overtime |
B
|
|
|
An S-Curve plots:
A. Cumulative cost as a function of time B. Schedule variance as a function of time C. Work package schedules as a function of time D. None of the above |
A
|
|
|
If PV > AC, then we are spending less than the plan called for but we do not know if that’s good or bad without having a value for EV.
A. True B. False |
A
|
|
|
Earned value measurement systems must be capable of:
A. Measuring resources consumed B. Measuring status and accomplishment C. Provide a basis for diagnosis and replanning D. All of the above |
D
|
|
|
The person or group with greatest ability to influence cost at project initiation is:
A. The customer / owner B. The project manager C. The project team D. The users |
A
|
|
|
At project initiation:
A. Few cost reduction opportunities exist and the cost of each change is large B. Few cost reduction opportunities exist and the cost of each change is low C. Many cost reduction opportunities exist and the cost of each change is high D. Many cost reduction opportunities exist and the cost of each change is low |
D
|
|
|
The establishment of all of the charge numbers for a project is called the:
A. Work package codes B. Code of accounts C. Summation of charge numbers D. Cost accounts |
B
|
|
|
Work that does not lend itself to subdivision into discrete scheduled increments of work, such as project support, is called:
A. Measurable effort B. Level of effort C. Discrete estimates D. Work package effort |
B
|
|
|
Variance envelopes are usually established because:
A. All cost variances must be accounted for and explained B. Not all cost variances must be explained even though they exist C. All schedule variances must be explained D. All cost overruns require sponsor authorization |
B
|
|
|
The 50-50 rule is a technique used to determine:
A. EV B. EAC C. CPI D. VAC |
A
|
|
|
In which type of project report would we most likely find EAC and ETC?
A. Performance B. Status C. Forecast D. Exception |
C
|
