Earned Value Management — PMP - Project Management Professional Practice Questions
Earned value management (EVM) is a performance measurement technique that integrates scope, schedule, and cost data to provide an objective assessment of project progress and forecast future performance. The PMP exam includes a significant quantitative component, and EVM calculations such as planned value, earned value, and actual cost are consistently tested. Mastery of EVM allows project managers to answer questions about whether the project is ahead or behind schedule and over or under budget at any given point in time.
Free questions on earned value management
A project manager discovers that the project is 10% over budget at the halfway point. Which metric shows this?
Free question · medium · full answer + explanation
More earned value management questions in the full bank
- Your sponsor requests a status update on earned value metrics. The project has a BAC (Budget at Completion) of $500,000, has spent $300,000 to date, and has earned $250,000 in value. What is the cost performance index (CPI) and what does it indicate? Unlock answer & explanation →
- You are reviewing the project cost baseline during the Monitoring and Controlling phase. Your project currently has an AC (Actual Cost) of $450,000, PV of $500,000, and EV of $480,000. What is the cost performance index? Unlock answer & explanation →
- What is the purpose of the trend analysis in project monitoring? Unlock answer & explanation →