Sample PMP Questions of Earned Value Management with Answers

[@pmclounge]

Check out more Cost Management videos here goo.gl/4ZRw4N
Also, Earned Value Management (EVM) videos: goo.gl/MFcQcd

[@kshitijrathod3969]

This was one of the best videos I've seen on EV Management.
Request you to come up with more such questions on EV so it will help to clear the thought process

[@pmclounge]

Thanks for your comment Kshitij, glad you found the video helpful 😊👍

[@WarTurtle925]

TCPI < 1 Good, and TCPI > 1 Bad. If I remember correctly, we use EAC if their are a lot of issues in the estimate and if it's provided in the question.

[@lakshminarayanavunnava2681]

Superb explanation on EVM Formulas

[@pmclounge]

Glad you liked it Lakshminarayana 👍

[@jollysamsy8726]

BAC based TCPI less than 1 is good as the project can be completed within the funds Eac based TCPI greater than 1 is bad as the work to be completed cannot be finished within the remaining funds available.

[@shilpaghughal4877]

Thanks for these sample questions, truly appreciate it. I have a question though: In the second question, why did you calculate ETC. And, what does it indicate in terms of EV analysis? could you please explain. Thanks!

[@pmclounge]

You can refer to this video for Earned Value techniques explanation ruclips.net/video/8AaggEt5ZIk/видео.html 😊👍

[@kojosalmin]

(For question 1)
I thought the Ev is the rate of work done multiplied by the approved budget of that bit of work which is the PV .

[@Larwai]

1 Means the project has fewer funds and more work.

[@esthervazquez4879]

Why did you calculate the EAC first of everything?

[@pmclounge]

Because its used to calculate ETC in the next step

[@eileenbanik4328]

SV=EV-PC not PV

[@pmclounge]

What's PC?

[@MsRunner475]

It is SV=EV-PV
PV = Planned Value.
I haven't heard of PC. What's PC?