59) Use the earned value table to determine the estimated cost to completion given the indicated

state of the project.

%
Activity 5 10 15 20 25 30 35 Plan Complete
A 850 350 1,200 100%
B 400 125 525 100%
C 1,275 650 1,925 100%
D 2800 4,500 350 7,650 95%
E 680 400 1,080 75%
F 125 875 1,000 80%
G 300 1200 1,500 45%
Monthly Plan 850 750 1,400 3,450 5,180 1,175 2,075 14,880
Monthly Act 900 650 1,350 3,875 4,780 850 2,000
A) $15,966
B) $16,235
C) $18,164
D) $17,441
Answer: B
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Analytical Thinking
60) Use the earned value table for Project Makeready to determine the earned value at week 49.

%
Activity 7 14 21 28 35 42 49 Plan Complete
Install fixtures 325 250 575 100%
Refinish floors 550 85 635 100%
Replace doors 350 275 625 100%
Complete tiling 1,200 565 1,765 80%
Install back door 875 225 1,100 70%
Landscaping 200 350 550 25%
Monthly Plan 325 800 435 1,475 1,440 425 350 5,250
Monthly Act 550 550 550 1,100 1,650 550 1,100
A) $4,950
B) $6,050
C) $4,155
D) $5,250
Answer: C
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
61) What is the cost variance of Project Makeready based on the data in the earned value table
shown below?

%
Activity 7 14 21 28 35 42 49 Plan Complete
Install fixtures 325 250 575 100%
Refinish floors 550 85 635 100%
Replace doors 350 275 625 100%
Complete tiling 1,200 565 1,765 80%
Install back door 875 225 1,100 70%
Landscaping 200 350 550 25%
Monthly Plan 325 800 435 1,475 1,440 425 350 5,250
Monthly Act 550 550 550 1,100 1,650 550 1,100
A) -$1,896
B) -$1,096
C) -$800
D) -$406
Answer: A
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
62) Use the earned value table for Project Makeready to determine the schedule variance.

%
Activity 7 14 21 28 35 42 49 Plan Complete
Install fixtures 325 250 575 100%
Refinish floors 550 85 635 100%
Replace doors 350 275 625 100%
Complete tiling 1,200 565 1,765 80%
Install back door 875 225 1,100 70%
Landscaping 200 350 550 25%
Monthly Plan 325 800 435 1,475 1,440 425 350 5,250
Monthly Act 550 550 550 1,100 1,650 550 1,100
A) -$1,896
B) -$1,096
C) -$800
D) -$206
Answer: B
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
63) Use the earned value table for Project Makeready to calculate their schedule performance
index.

%
Activity 7 14 21 28 35 42 49 Plan Complete
Install fixtures 325 250 575 100%
Refinish floors 550 85 635 100%
Replace doors 350 275 625 100%
Complete tiling 1,200 565 1,765 80%
Install back door 875 225 1,100 70%
Landscaping 200 350 550 25%
Monthly Plan 325 800 435 1,475 1,440 425 350 5,250
Monthly Act 550 550 550 1,100 1,650 550 1,100
A) 1.46
B) 0.68
C) 0.79
D) 1.26
Answer: C
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking
64) Use the earned value table for Project Makeready to calculate the estimated cost to
completion.

%
Activity 7 14 21 28 35 42 49 Plan Complete
Install fixtures 325 250 575 100%
Refinish floors 550 85 635 100%
Replace doors 350 275 625 100%
Complete tiling 1,200 565 1,765 80%
Install back door 875 225 1,100 70%
Landscaping 200 350 550 25%
Monthly Plan 325 800 435 1,475 1,440 425 350 5,250
Monthly Act 550 550 550 1,100 1,650 550 1,100
A) $4,285
B) $5,250
C) $6,050
D) $7,645
Answer: D
Diff: 2
Section: 13.3 Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking

65) If an activity's progress is defined as 0% until the activity is complete, the project manager is
using:
A) The 50/50 rule.
B) The all or nothing rule.
C) The 0/100 rule.
D) The Do Not Pass Go rule.
Answer: C
Diff: 1
Section: 13.5 Issues in the Effective Use of Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Application of Knowledge
66) Once an activity is begun, it is assumed to be half done under the:
A) "Once begun, half done" rule.
B) Minimal effort rule.
C) Midway rule.
D) 50/50 rule.
Answer: D
Diff: 1
Section: 13.5 Issues in the Effective Use of Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Concept
AACSB: Application of Knowledge

67) Each activity contained a series of milestones that represented a previously agreed-upon
amount of work. Once the low graffiti was erased, 35% of the activity had been completed and
once the mid-level graffiti was erased, 70% of the activity had been completed. This project
manager was clearly in the:
A) Percentage complete camp.
B) Micromanagement camp.
C) 35/70 camp.
D) 3K specifications camp.
Answer: A
Diff: 1
Section: 13.5 Issues in the Effective Use of Earned Value Management
LO: 13.3 Understand how Earned Value Management can assist project tracking and evaluation.
Classification: Critical Thinking
AACSB: Analytical Thinking

68) Very short work packages would be better managed by: