Interview Questions.

Question 1. With Reference To The Diagram Below, It Can Be Inferred That The Project Is Currently:

Answer :

As of today, AC > PV = over price range and EV < PV = delayed, so the assignment is each “delayed and over price range”.

Question 2. If A Project Has A Cost Performance Index (cpi) Of 0.90, This Means That:

Answer :

The Cost Performance Index (CPI) represents the overall performance of the task in phrases of price range up-to-the-minute. If it's far smaller than 1, the challenge is presently over budget (i.E. Has spent extra than what has been planned).

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Question three. If A Project Has A To Complete Performance Index (tcpi) Of 0.Ninety, This Means That:

Answer :

The To Complete Performance Index (TCPI) is the efficiency needed to finish the task on budget. If it's far smaller than 1, which means that we've extra money left on the price range than the last Planned Value (PV) to reap. Therefore, in theory, we are able to spend more money yet can still end the venture on finances. (However, in truth, it is usually favored to complete the task under price range. A TCPI smaller than 1 is a great signal that the undertaking is going wholesome.)

Question 4. A Project With Both Schedule Performance Index (spi) And Cost Performance Index (cpi) Of 0.Eighty. The Project Is Currently:

Answer :

CPI < 1 = over price range and SPI < 1 = delayed, so the assignment is both “delayed and over budget”.

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Question five. According To Evm, Which Term Below Represents The Outstanding Amount Of Money Required To Finish The Project?

Answer :

By definition, Estimate to Completion (ETC) is the amount of cash we need to place into the project from these days in order to complete it.

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Question 6. According To Evm, Which Term Below Represents The Budgeted Cost Of The Work To Be Completed To Date?

Answer :

By definition, Planned Value (PV) is how an awful lot value of labor changed into scheduled to obtain thus far.

Question 7. A Project With Earned Value (ev) = $1000, Actual Cost (ac) = $800 And Planned Value (pv) = $800. What Is The Schedule Variance (sv)?

Answer :

SV = EV – PV

SV = $one thousand – $800 = $two hundred

Note that the Actual Cost (AC) isn't always used inside the calculation.

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Question 8. A Project With Earned Value (ev) = $one thousand, Actual Cost (ac) = $800 And Planned Value (pv) = $800. What Is The Cost Variance (cv)?

Answer :

CV = EV – AC

CV = $one thousand – $800 = $200

Note that the Planned Value (PV) is not used in the calculation.

Question 9. A Project With Earned Value (ev) = $250, Actual Cost (ac) = $2 hundred And Planned Value (pv) = $350. What Is The Schedule Performance Index (spi)?

Answer :

The system to be used to calculate SPI is:

SPI = EV / PV

SPI = $250 / $350 = zero.Seventy one

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Question 10. A Project With Earned Value (ev) = $250, Actual Cost (ac) = $2 hundred And Planned Value (pv) = $350. What Is The Cost Performance Index (cpi)?

Answer :

The formula to be used to calculate CPI is:

CPI = EV / AC

CPI = $250 / $two hundred = 1.25

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Question eleven. For The Project With Earned Value (ev) = $360, Actual Cost (ac) = $400 And Both Cost Performance Index (cpi) And Schedule Performance Index (spi) Equal zero.90. The Original Project Budget Is $1,000. Assuming The Remaining Work Will Be Impacted By The Current Cost Performance And Current Schedule Performance, What Is The Estimate At Completion (eac) Of The Project?

Answer :

As the assignment might be impacted by means of the cutting-edge cost performance and cutting-edge agenda overall performance,

the method could be:

EAC = AC + [(BAC-EV)/(SPI*CPI)]

EAC = $four hundred + [($1000 – $360) / (0.9 * 0.9)] = $1190

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Question 12. For A Project With Estimate At Completion (eac) = $one hundred twenty,000 And Cost Performance Index (cpi) Is 0.90. What Is The Budget At Completion (bac)?

Answer :

As no records is given at the destiny performance of the venture, we may want to competently expect that the challenge will spend on the same fee.

So we will employ the components:

EAC = BAC / CPI

$120,000 = BAC / 0.Ninety

BAC = $one hundred twenty,000 * 0.Ninety = $108,000

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Question thirteen. You Are The Project Manager Of A Housing Project In Which A Total Of 10 Houses Are To Be Build Over 10 Months (1 House Per Month). The Total Budget For The Housing Project Is $a million. The Project Is Now At The End Of The sixth Month With five Houses Built And $500,000 Spent. The Project Is Behind Schedule Owing To A Work Strike For A Month. The Cost Performance Index (cpi) For The Project Is:

Answer :

The method for use to calculate CPI is:

CPI = EV / AC

CPI = $500,000 / $500,000 = 1.Zero

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Question 14. You Are The Project Manager Of A Road Paving Project. A Total Of 10km Of Road Is To Be Paved Over A 5-month Period. The Total Budget For The Project Is $10,000. The Project Is Now At The End Of The third Month With 8km Of Road Paved And $8,000 Spent. The Schedule Performance Index (spi) For The Project Is:

Answer :

Since the road is believed to be paved linearly, i.E. 2km of street in keeping with month. At the end of third month, the PV need to be $6,000 (for 6km of road).

The formula for use to calculate SPI is:

SPI = EV / PV

CPI = $eight,000 / $6,000 = 1.33

Question 15. For A Project With Earned Value (ev) = $300, Actual Cost (ac) = $350 And Planned Value (pv) = $four hundred. The Overall Project Budget Is $1,000. Assume That You Will Continue To Spend At The Same Rate As You Are Currently Spending. What Is The Variance At Completion (vac)?

Answer :

As the venture will preserve to spend on the identical contemporary price,

the components for use could be:

VAC = BAC – EAC

EAC = BAC/CPI 

CPI = EV/AC

VAC = BAC – BAC/(EV/AC)  =$one thousand – $1000/($300/$350)   = -$167

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Question 16. For The Project With Earned Value (ev) = $three hundred, Actual Cost (ac) = $250 And Planned Value (pv) = $three hundred. The Original Project Budget Is $a thousand. Assuming The Project Will Continue To Spend Money At The Same Rate, What Is The Estimate At Completion (eac) Of The Project?

Answer :

As the challenge will retain to spend on the equal modern charge,

the formula to be used would be:

EAC = BAC/CPI

CPI = EV/AC

EAC = BAC/(EV/AC) = $one thousand / ($three hundred/$250) = $833

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Question 17. For The Project With Earned Value (ev) = $350, Actual Cost (ac) = $three hundred And Planned Value (pv) = $four hundred. The Original Project Budget Is $1,000. Assuming The Remaining Work Will Be Impacted By The Current Cost Performance And Current Schedule Performance, What Is The Estimate At Completion (eac) Of The Project?

Answer :

As the task will be impacted by the present day price performance and current time table overall performance,

the method might be:

EAC = AC + [(BAC-EV)/(SPI*CPI)]

SPI = EV / PV = $350 / $400 = 0.875

CPI = EV / AC = $350 / $three hundred = 1.167

EAC = BAC/(EV/AC) = $300 + [($1000 – $350) / (0.875 * 1.167)] = $937

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