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Questions and Answers
What does a negative CV indicate?
What does a negative CV indicate?
- The project is underbudget
- Higher cost than planned (correct)
- Lower actual cost than budgeted
- The project is ahead of schedule
What does CPI < 1 indicate?
What does CPI < 1 indicate?
- The project is over budget or overrun (correct)
- The project is progressing well against the schedule
- The project is under budget
- The project is on budget
What is the definition of SPI (Schedule Variance Index)?
What is the definition of SPI (Schedule Variance Index)?
- Measure of current cost efficiency of the project
- Difference between earned value and actual cost
- Conformance of actual progress to planned progress (correct)
- Amount of funds necessary to finish the project
If SPI > 1, what does it indicate?
If SPI > 1, what does it indicate?
What does ETC (Estimate to Complete) represent?
What does ETC (Estimate to Complete) represent?
In TCPI < 1, what does it signify?
In TCPI < 1, what does it signify?
If EV equals AC, what does it mean for the project budget?
If EV equals AC, what does it mean for the project budget?
What does a positive VAC value indicate?
What does a positive VAC value indicate?
What does a negative VAC value imply?
What does a negative VAC value imply?
How does the VAC value influence budget accuracy?
How does the VAC value influence budget accuracy?
What does a TCPI value greater than 1 indicate?
What does a TCPI value greater than 1 indicate?
What does TCPI = 1 signify for a project?
What does TCPI = 1 signify for a project?
How would you describe a project with TCPI < 1?
How would you describe a project with TCPI < 1?
In what scenario would TCPI be exactly equal to 1?
In what scenario would TCPI be exactly equal to 1?
'To Complete Performance Index' (TCPI) primarily measures:
'To Complete Performance Index' (TCPI) primarily measures:
'Variance at Completion' (VAC) becoming close to zero indicates:
'Variance at Completion' (VAC) becoming close to zero indicates:
What does a VAC value higher than zero suggest for a project?
What does a VAC value higher than zero suggest for a project?
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