46) Use the data to calculate the earned value for the project.

All amounts are in thousands of

dollars.
A) $65,500
B) $69,550
C) $71,100
D) $76,125
Answer: C
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
47) At the end of week 20, this project has cost $79,000 and has an earned value as indicated in
the table. Use the data to calculate the cost performance index for the project. All amounts are in
thousands of dollars.
A) 1.11
B) 0.82
C) 0.94
D) 0.90
Answer: D
Diff: 3
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking

48) At the end of week 10, this project has cost $9,000 and has an earned value as indicated in
the table. Use the data to calculate the cost performance index for the project. All amounts are in
thousands of dollars.

A) 2.5
B) 2.1
C) 1.8
D) 1.5
Answer: A
Diff: 3
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
49) Use the data to calculate the schedule performance index for the project for the end of week
20. All amounts are in thousands of dollars.

A) 1.14
B) 0.88
C) 0.94
D) 0.81
Answer: B
Diff: 3
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking

50) Use the data to calculate the schedule performance index for the project for the end of week
10. All amounts are in thousands of dollars.

A) 1.24
B) 0.93
C) 0.81
D) 0.76
Answer: C
Diff: 3
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
51) The first step in earned value management is to:
A) Create the activity and resource usage schedules.
B) Develop a time-phased budget that shows expenditures across the project's life.
C) Total the actual costs of doing each task to arrive at the actual cost of work performed.
D) Clearly define each activity that will be performed including its resource needs and budget.
Answer: D
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Application of Knowledge

52) In earned value management analysis, the cumulative amount of the budget becomes the:
A) Planned value.
B) Scheduled value.
C) Cost basis.
D) Cost driver.
Answer: A
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Application of Knowledge

53) In earned value management, schedule variance is defined as:

A) The difference between the earned value and the actual cost.
B) The difference between the earned value and the planned value.
C) The difference between the actual cost and the planned value.
D) The difference between the cost and schedule performance indices multiplied by the budgeted
cost at completion.
Answer: B
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Application of Knowledge
54) The budget variance is calculated as:
A) Earned value minus planned value.
B) Planned value minus actual cost.
C) Earned value minus actual cost.
D) Cost minus planned value.
Answer: C
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Application of Knowledge

55) Use the earned value table (all amounts indicated are dollars) to determine the earned value
to the nearest hundred dollars given the indicated state of the project.

%
Activity 5 10 15 20 25 30 35 Plan Complete
A 850 350 1,200 100%
B 400 125 525 100%
C 1,275 650 1,925 100%
D 2800 4,500 350 7,650 95%
E 680 400 1,080 75%
F 125 875 1,000 80%
G 300 1200 1,500 45%
Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880
Monthly Act 900 650 1,350 3,875 4,780 850 2,000
A) $16,900
B) $14,900
C) $14,400
D) $13,200
Answer: D
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Analytical Thinking
56) Use the earned value table to determine the schedule performance index given the indicated
state of the project.

%
Activity 5 10 15 20 25 30 35 Plan Complete
A 850 350 1,200 100%
B 400 125 525 100%
C 1,275 650 1,925 100%
D 2800 4,500 350 7,650 95%
E 680 400 1,080 75%
F 125 875 1,000 80%
G 300 1200 1,500 45%
Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880
Monthly Act 900 650 1,350 3,875 4,780 850 2,000
A) 0.89
B) 0.92
C) 1.09
D) 1.13
Answer: A
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Analytical Thinking
57) Use the earned value table to determine the cost performance index given the indicated state
of the project.

%
Activity 5 10 15 20 25 30 35 Plan Complete
A 850 350 1,200 100%
B 400 125 525 100%
C 1,275 650 1,925 100%
D 2800 4,500 350 7,650 95%
E 680 400 1,080 75%
F 125 875 1,000 80%
G 300 1200 1,500 45%
Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880
Monthly Act 900 650 1,350 3,875 4,780 850 2,000
A) 0.89
B) 0.92
C) 1.09
D) 1.13
Answer: B
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Analytical Thinking
58) Use the earned value table to determine the estimated time to completion given the indicated
state of the project.

%
Activity 5 10 15 20 25 30 35 Plan Complete
A 850 350 1,200 100%
B 400 125 525 100%
C 1,275 650 1,925 100%
D 2800 4,500 350 7,650 95%
E 680 400 1,080 75%
F 125 875 1,000 80%
G 300 1200 1,500 45%
Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880
Monthly Act 900 650 1,350 3,875 4,780 850 2,000
A) 35 days
B) 37 days
C) 39 weeks
D) 41 weeks
Answer: C
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Analytical Thinking