question archive 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 in 10 months
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 in 10 months
Subject:Project ManagementPrice: Bought3
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 in 10 months. The total budget for the project is $10,000. Six months have passed and the schedule indicates that 60% of the work should be completed by now. But your team has only completed 50% 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
