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EVP SampleExam

EVP SampleExam

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Published by: Mohammad Shoaib Danish on Aug 12, 2012
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10/23/2013

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Earned Value Professional (EVP)Sample Examination
 
AACE International - Earned Value Professional Sample Examination 1
Section I and II – Multiple Choice
1. In scheduling, “vertical traceability” means:a.
 
Organizational breakdown structure is used to roll up within the organization allthe activities of a department or mangerb.
 
Eliminate out of sequential logicc.
 
Hierarchical code structure that forces detail to summary rollupsd.
 
Subordinate schedules fit within the requirements of the integrated masterschedule2. Which of the following steps would be considered the least desirable corrective actionfor a project that has an unfavorable SPI?a.
 
Revise activities on the critical pathb.
 
Rebaseline to eliminate schedule variancec.
 
Crash the scheduled.
 
Review activities with positive float3. The Performance Measurement Baseline includes the following:a.
 
Summary level planning packages, control account budgets, and undistributedbudgetb.
 
Indirect costs, control account budgets and management reservec.
 
Direct costs, control account budgets and management reserved.
 
Direct costs, indirect costs and management reserve4. The _______is the point at which work is planned, progress is measured, and earnedvalue is computeda.
 
Work packageb.
 
Control accountc.
 
Activity/Taskd.
 
WBS element5. Which method should be used to calculate earned value for tasks that are related indirect allocation to a base work package?a.
 
Level of effortb.
 
Allocated effortc.
 
Percent Completed.
 
Apportioned effort
 
 
AACE International - Earned Value Professional Sample Examination 2
6. Which method can be used to calculate BCWP?a.
 
ACWP/EACb.
 
ACWP/BCWSc.
 
% Complete * BACd.
 
% Complee * EAC7. Given the following information, calculate the cost and schedule variances:BAC = $50,000EAC = $55,000BCWS = $15,000BCWP = $20,000ACWP = $25,000a.
 
CV = ($5,000); SV = $5,000b.
 
CV = $5,000; SV = ($5,000)c.
 
CV = ($10,000); SV = $10,000d.
 
CV = $10,000; SV = ($10,000)8. What is the primary benefit of the To Complete Performance Index (TCPI)?a.
 
Projects final costb.
 
When compared to the other performance indices it provides a forecast of howmuch of a productivity improvement is required to finish the project on budgetc.
 
Shows the required efficiency to complete the project as forecasted by the EACd.
 
Provides a historical perspective of the project9. Which of the following provides a statistical forecast of the final EAC assuming thatall remaining work will be done at the budgeted rate?a.
 
[(BAC - EV) / (CPI x SPI)] + actual to date = EACb.
 
[(BAC + EV) / (CPI x SPI)] + actual to date = EACc.
 
[(ETC) / (CPI x SPI)] + actual to date = EACd.
 
(BAC - EV) + actual to date = EAC10. Which of the following is not required for a critical path schedule:a.
 
Resourcesb.
 
Milestones and key contractual eventsc.
 
Subcontractor schedulesd.
 
Logical relationships between activities (tasks)

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