Question 1: (Section C of the Slides)

Data Given:
Earned Value (EV) = $ 300
Actual Cost (AC) = $ 350
Planned Value (PV) = $ 400
Budget at Completion = $ 1,000

To Find: CPI, EAC & VAC

SOLUTION:
CPI = 300 / 350 (CPI = EV/AC)
CPI = 0.857
EAC = 1000 / 0.857 (EAC = BAC/CPI)
EAC = 1166.861
VAC = 1000 – 1166.861 (VAC = BAC – EAC)
VAC = -$166.861 (Round up to -$167) (OPTION #3)

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 2:
SOLUTION:
 Skip option (3) and (4) because SPI is about Schedule & work, Not Budget.
 Chose option (1) because SPI has Planned value in its formulae, meaning it is
not for the “whole project” as stated in option (2)
90% of the work planned to date has been completed. (OPTION #1)
https://www.pmchamp.com/what-is-spi-and-where-is-it-used/

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~
~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~
Question 3:
SOLUTION:
Earned Value (OPTION #1)
https://www.tutorialspoint.com/pmp-exams/pmp_sample_questions_set2.htm
“SEE QUESTION 67”

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 4:
SOLUTION:
TCPI (OPTION #1)
http://acqnotes.com/acqnote/tasks/to-complete-performance-indexev
“Read the paragraph under the title: Example”

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 5:
Data Given:
Earned Value (EV) = $ 1000
Actual Cost (AC) = $ 800
Planned Value (PV) = $ 800
To Find: CV = ?

SOLUTION:
CV = 1000 - 800 (CV= EV – AC)
CV = 200 (OPTION #1)

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~
Question 6:
Data Given:
Budget at Completion (BAC) = $ 1,000
CPI & SPI = 1
To Find: EAC =??

SOLUTION:
EAC = 1000 / 1 (EAC = BAC/CPI)
EAC = $1000 (OPTION #3)

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 7:
Data Given:
Earned Value (EV) = $ 250
Actual Cost (AC) = $ 200
Planned Value (PV) = $ 350
To Find: CPI = ?

SOLUTION:
CPI = 250 / 200 (CPI = EV/AC)
CPI = 1.25 (OPTION #1)

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 8:
SOLUTION:
Earned Value Management (EVM) is controlling, measuring and reporting variance
(OPTION #1) https://accounting-simplified.com/management/variance-analysis/
 ~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 9:
SOLUTION:
TCPI computes the future required cost efficiency needed to achieve a target.
Meaning: TCPI tells more than just under / over budget. (OPTION #2)
{* finally!! an answer that is not option 1* (^_^)}
http://acqnotes.com/acqnote/tasks/to-complete-performance-indexev
“Read the paragraph under the title: Example” what 0.9 means.

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~

Question 10:
Data Given:
Actual Cost (AC) = $ 3,000
Budget at Completion = $ 5,000
Work Completed = 50%
To Find: Earned Value (EV) =??

SOLUTION:
EV = 50% of 5,000 (Earned Value = % of completed work X BAC)
EV = 0.5 x 5000
EV = 2500 (OPTION #1) Again!!? (>_<)
Thank You for your letting me Learn so much, I enjoy these kind of challenges. If you or
any of your friends encounter such Assignments in Future, please let me know at
shoibtahir28@gmail.com. I will be waiting joyously until the day we work together.

~` #%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%#0#%&^(#)^&%# `~