PK0-005 Project Life Cycle Practice Question
A project manager is evaluating the cost performance of a project. Which TWO earned value metrics should be used to determine if the project is over budget?
Answer choices
Why each option matters
Answer the question above first, then reveal the full breakdown to understand why each option is right or wrong.
Correct answer & explanation
✓
Cost variance (CV)
Cost variance (CV) and cost performance index (CPI) both indicate cost performance. CV = EV - AC; negative means over budget. CPI = EV/AC; less than 1 means over budget. SPI is schedule, EAC is forecast.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✗
Schedule variance (SV)
Why it's wrong here
SV measures schedule performance.
- ✗
Estimate at completion (EAC)
Why it's wrong here
EAC is a forecast, not a direct measure of current performance.
- ✗
Schedule performance index (SPI)
Why it's wrong here
SPI measures schedule efficiency.
- ✓
Cost variance (CV)
Why this is correct
Negative CV indicates over budget.
- ✓
Cost performance index (CPI)
Why this is correct
CPI < 1 indicates over budget.
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