Questions

PMGT5889 (NE) Online Quiz

Matching

Your project status can be presented with the following diagram: Match the values presented in this graph with the corresponding Earned Value Analysis indicators. Formulas: EVA Component Formula Planned value (PV) N/A Earned value (EV) N/A Actual cost (AC) N/A Budget at completion (BAC) N/A Schedule variance (SV) SV = EV – PV Cost variance (CV) CV = EV- AC Estimated final duration PlannedProjectDuration / SPI % Complete %Complete = (EV/BAC) x 100 Schedule performance index (SPI) SPI = EV/PV Cost performance index (CPI) CPI = EV/AC Estimate at completion (EAC) – final cost Future work will be accomplished at the planned rate: Both CPI and SPI influence the remaining work: CPI is expected to be the same for the remainder of the project: EAC = AC + BAC – EV EAC = AC + [(BAC-EV)/(CPIxSPI)] EAC = BAC/CPI Estimate to complete (ETC) ETC = EAC – AC Variance at Completion (VAC) VAC = BAC-EAC 1: Actual Cost (AC) 2: Planned Value (PV) 3: Earned Value (EV) 4: Original Budget (BAC) 5: Schedule Performance Index (SPI) 6: Cost Performance Index (CPI) 7: Schedule Variance (SV) - money 8: Cost Variance (CV) 9: Project duration (months) 10: Months that project is behind/ahead of schedule at the moment

Options

A.0.94

B.$15M

C.$1M

D.$17M

E.-$1M

F.21

G.$23M

H.1.07

I.$16M

J.1

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Step-by-Step Analysis

The task presents a matching exercise for Earned Value Analysis (EVA) indicators and a set of values to fit each indicator. I’ll go through each answer option and explain what it would mean if that value were assigned to a given EVA metric, referencing the standard EVA formulas where relevant. Option analysis by value: - 0.94 - Possible interpretation: This aligns with the Schedule Performance Index (SPI) when EV and PV are 15 and 16 respectively, since SPI = EV/PV. A value of 0.94 would indicate the project is behind schedule on a relative, index basis. This is a plausible match for SPI, given typical EV data, but it would not be the numerical value for VARs such as SV or CV, which are currency-based. - $15M - This is a currency amount. In EVA terms, this value most naturally represents Earned Value (EV) if EV is the amount of work actually completed expressed in budget terms. It would be unlikely to be PV, AC, or BAC unless the project’s plotted data align, but EV = $15M is perfectly reasonable as a standalone value for......Login to view full explanation

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