INF3708 - SOFTWARE PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
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Module
INF3708
Institution
INF3708
INF3708 - SOFTWARE PROJECT MANAGEMENT EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS VERIFIED
What is Earned Value (EV) and its formula:
Earned Value (EV) is the total value credited to the project at anytime
EV = % of work completed x PV
What is Schedule Variance (SV) and its formula
...
Earned Value (EV) is the total value credited to the project at anytime
EV = % of work completed x PV
What is Schedule Variance (SV) and its formula
, also what does a negative or positive SV indicate:
Schedule Variance (SV) is an indicator as to whether the project schedule is behind or
ahead.
SV = EV - PV
Negative SV indicates => project behind schedule
Positive SV indicates => project is ahead of schedule
What is Cost Variance (CV) and its formula
, also what does a negative or positive CV indicate:
Cost Variance (CV) is used to indicate the degree to which the value of completed work
differs from the planned.
, CV = EV - AC
Negative CV indicates => project over budget
Positive CV indicates => project under budget
What is Schedule Performance Index (SPI) and its formula
, also what does a value lesser or greater than 1 indicate:
Schedule Performance Index (SPI) is a measure of how close a project is to being
completed.
SPI = EV / PV
Value < 1 = its behind schedule
Value > 1 = completed better than planned
What is Cost Performance Index (CPI) and its formula
, also what does a value lesser or equal to 1 indicate:
Cost Performance Index (CPI) is a measure of financial effectiveness and efficiency.
CPI = EV / AC
Value < 1 = its over budget
Value = 1 = project is on budget
Value > 1 = project is performing well against budget
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