Drag a concept onto its matching description — or click a concept then click the description.
Concepts
Matches
Budgeted cost of work scheduled
Budgeted cost of work performed
Actual cost incurred for work done
EV minus AC
EV minus PV
CAPM Business Analysis Frameworks Practice Question
Match each earned value management term to its formula.
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
✓
PV: Budgeted cost of work scheduled
EVM metrics: PV and EV are budgeted costs, AC is actual cost. Variances: SV = EV-PV, CV = EV-AC. Indices: SPI = EV/PV, CPI = EV/AC.
Answer analysis
Option-by-option breakdown
For each option: why learners choose it and why it is or isn't the right answer here.
- ✓
PV: Budgeted cost of work scheduled
Why this is correct
Correct: PV is the budgeted cost for work scheduled.
- ✗
EV: Actual cost of work performed
Why it's wrong here
Incorrect: This describes AC, not EV.
- ✓
AC: Actual cost of work performed
Why this is correct
Correct: AC is the actual cost incurred.
- ✗
SV: EV - AC
Why it's wrong here
Incorrect: This is the formula for CV, not SV.
- ✓
CV: EV - AC
Why this is correct
Correct: CV is EV minus AC.
- ✗
SPI: AC / EV
Why it's wrong here
Incorrect: SPI is EV divided by PV, not AC divided by EV.
Go deeper
Related to this question
About these practice questions
One of 487 original CAPM practice questions on Courseiva, each with a full explanation and wrong-answer analysis — not exam dumps or protected exam content. Learn why practice questions differ from exam dumps →
JA
Written by Johnson Ajibi, MSc IT Security
Senior Network & Security Engineer · founder of Courseiva
This CAPM practice question is part of Courseiva's free PMI certification practice question bank. Courseiva provides original exam-style practice questions with explanations, topic-based practice, mock exams, readiness tracking, and study analytics to help learners prepare for the CAPM exam.