LBYIE3F Quiz 1

Question 1

BAC (Budgeted At Completion)

Answer 1

Add all the task values above the Gantt chart components

Question 2

PV (Planned Value)

Answer 2

Add everything on the left side of the red line

Question 3

AC (Actual Cost)

Answer 3

Add all actual cost values

Question 4

EV (Earned Value)

Answer 4

ROP x PV; then add everything

Question 5

SV (Schedule Variance)

Answer 5

EV - PV

Question 6

SPI (Schedule Performance Index)

Answer 6

(EV / PV) x 100%

Question 7

CV (Cost Variance)

Answer 7

EV - AC

Question 8

CPI (Cost Performance Index)

Answer 8

(EV / AC) x 100%

Question 9

TCPI (To-Complete Performance Index)

Answer 9

( (BAC - EV) / (BAC - AC) ) x 100%

Question 10

EAC (Estimated Cost at Completion)

Answer 10

AC + ( (BAC-EV) / SPI )

Question 11

VAC (Variance at Completion)

Answer 11

BAC - EAC

Question 12

ETC (Estimated Time to Completion)

Answer 12

Total Project Duration / SPI

Question 13

SPI Conditions:

Answer 13

SPI > 100%; Project is ahead of schedule

SPI < 100%; Project is behind schedule

SPI = 100%; Project is on schedule

Question 14

CPI Conditions:

Answer 14

CPI > 100%; Project is under budget

CPI < 100%; Project is over budget

CPI = 100%; Planned cost = actual cost