PMP Certification exam includes earned value management questions. PMP earned value questions assess the cost management knowledge and experience of the PMP candidate. You must learn the earned value management formulas and how to apply them in order to answer these questions correctly in your PMP exam.

Expect to see around 20-30 PMP Earned Value Questions during the exam. And this makes around 10-15% of the all PMP Exam. Therefore, answering PMP earned value questions correctly during the PMP exam is critical for your PMP success.

In order to provide you an insight of how earned value management questions will appear in the PMP exam, we have prepared a scenario and five questions related with this scenario.

## Sample PMP Earned Value Questions ## Sample PMP Earned Value Questions Scenario:

You are managing a software project with an initial budget estimate of 2 million USD. During interim cost and schedule performance analysis, you figured out that:

• You should have spent \$500,000 till now based on your initial plans and 1,000 man/days of schedule activities
• You spent \$600,000 till now and completed 1,100 man/days of schedule activities which should have cost \$450,000 based on your initial plans.
• You re-estimated the budget required for the remaining work to be done as \$1,500,000.

## Sample PMP Earned Value Questions:

Question 1-) What is the CPI and SPI of the project respectively?

A-) CPI=0.9 and SPI=1.2

B-) CPI=1.2 and SPI=0.9

C-) CPI=0.75 and SPI=1.1

D-) CPI=1.1 and SPI=0.75

function ml_webform_success_1189650() { var \$ = ml_jQuery || jQuery; \$('.ml-subscribe-form-1189650 .row-success').show(); \$('.ml-subscribe-form-1189650 .row-form').hide(); } Question 2-) What is the CV and SV of the project respectively?

A-) CV= -\$150,000 and SV=100 man/days

B-) CV= \$150,000 and SV= -100 man/days

C-) CV= -\$100,000 and SV= -100 man/days

D-) CV= \$100,000 and SV=100 man/days

Question 3-) What is the Variance at Completion?

A-) -\$100,000

B-) \$100,000

C-) -\$50,000

D-) \$50000

Question 4-) What is the TCPI based on your new Estimate at Completion value?

A-) 1.11

B-) 0.90

C-) 1.03

D-) 0.97

Question 5-) What is the status of your project?

A-) Project is ahead of schedule, under budget, and it is easier to complete the project on new EAC

B-) Project is behind schedule, over budget, and it is harder to complete the project on new EAC

C-) Project is ahead of schedule, over budget, and it is easier to complete the project on new EAC

D-) Project is ahead of schedule, over budget, and it is harder to complete the project on new EAC

## Sample PMP Earned Value Questions Solutions:

First, it is better to note the EVM values defined in the scenario:

• BAC (Budget at Completion)= 2 million USD ("initial budget estimate of 2 million USD" referred in the scenario)
• PV (Planned Value) = \$500,000 for cost related EVM calculations, PV=1,000 man/days for schedule related EVM calculations ("You should have spent \$500,000 till now based on your initial plans and 1,000 man/days of schedule activities" referred in the scenario)
• AC (Actual Cost) = \$600,000 ("You spent \$600,000 till now" referred in the scenario)
• EV (Earned Value)= 1,100 man/days for schedule related EVM calculations, EV = \$450,000 for cost related EVM calculations. ("completed 1100 man/days of schedule activities which should have cost \$450,000 based on your initial plans" referred in the scenario)
• ETC (Estimate to Complete) = \$1.5 million USD ("You re-estimated the budget required for the remaining work to be done as \$1,500,000." referred in the scenario)

Question 1-)

• CPI = EV/AC = \$450,000/\$600,000 = 0.75
• SPI = EV/PV = 1,100/1,000 = 1.10

Answer: C

Question 2-)

• CV = EV - AC = \$450,000 - \$600,000 = -\$150,000
• SV = EV - PV = 1,100 man/days - 1,000 man/days = 100 man/days

Answer: A

Question 3-)

• VAC (Variance at Completion) = BAC - EAC = 2 million USD - EAC
• EAC (Estimate at Completion) = AC + ETC = \$600,000 + \$1,500,000 = \$2,100,000
• VAC = \$2,000,000 - \$2,100,000 = -\$100,000

Answer: A

Question 4-)

TCPI based on EAC is calculated as below:

• TCPI = [BAC-EV]/[EAC-AC] = [\$2,000,000-\$450,000]/[\$2,100,000-\$600,000]
• TCPI (based on EAC) = 1.03

Answer: C

Question 5-)

• CPI<1 and CV is negative, therefore project is over budget
• SPI>1 and SV is positive, therefore project is ahead of schedule
• TCPI>1, therefore project is harder to complete in new EAC value based on current project performance.

Answer: D

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