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- 1. Multiple Choice
If Earned Value (EV) = 350, Actual Cost (AC) = 400, Planned Value (PV) = 325, what is Cost Variance (CV)?
350
- 75
400
-50
- 2. Multiple Choice
You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. you have just begun week three, with an overall budget of us $10,000. to date, you have spent us $2,000 with 40 items tested successfully. what does the cost variance (cv) tell you in this circumstance?
The project is proceeding at 100% of the expected rate.
The project is $2000 under budget.
The project is on budget.
The project is getting $2 of work for every dollar spent.
- 3. Multiple Choice
A project team budgeted us $3,000 for the work performed and has spent us $4,000 to date. if they budgeted us $5,000 for the work sccheduled, what is the cost variance (cv)?
($1,000)
$2,000
$1,000
($2,000)
- 4. Multiple Choice
A Cost Performance Index (CPI) of 0.89 means?
At this time, we expect the total project to cost 89 percent more than planned
When the project is completed we will have spent 89 percent more than planned
The project is only progressing at 89 percent of the rate planned
The project is only getting 89 cents out of every dollar invested
- 5. Multiple Choice
You are managing a project which is into six months of its execution. You are now reviewing the project status and you have ascertained that project is behind schedule. The actual cost of Activity A is ₹ 2,00,000 and that of Activity B is ₹ 1,00,000. The planned value of these activities are ₹ 1,80,000 and ₹ 80,000 respectively. The Activity A is 100% complete. However, Activity B is only 75% complete. Calculate the cost performance index of the project on the review date.
0.7
0.8
0.9
0.6
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