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AACE International CCP Exam - Topic 5 Question 7 Discussion

You are reporting the following Earned Value Analysis information for the project:EV= $1,500,000AC=$1.000,000PV= $2,000,000What is the status of the project?
C) Project is behind schedule, but under budget
A) Project is ahead of schedule, but over budget
B) Project is behind schedule, but over budget
D) Project is ahead of schedule, but under budget

AACE International CCP Exam - Topic 5 Question 7 Discussion

Actual exam question for AACE International's CCP exam
Question #: 7
Topic #: 5
[All CCP Questions]

You are reporting the following Earned Value Analysis information for the project:

EV= $1,500,000

AC=$1.000,000

PV= $2,000,000

What is the status of the project?

Show Suggested Answer Hide Answer
Suggested Answer: C

The problem provides key metrics used in Earned Value Management (EVM):

Earned Value (EV): $1,500,000

Actual Cost (AC): $1,000,000

Planned Value (PV): $2,000,000

Key Points:

Schedule Performance Index (SPI):

SPI = EV / PV = $1,500,000 / $2,000,000 = 0.75

An SPI less than 1 indicates the project is behind schedule.

Cost Performance Index (CPI):

CPI = EV / AC = $1,500,000 / $1,000,000 = 1.5

A CPI greater than 1 indicates the project is under budget.

Conclusion: The correct answer is C. Project is behind schedule, but under budget because the SPI indicates a delay in schedule, and the CPI shows that the project is currently spending less than planned.


by Lillian at Sep 09, 2024, 08:55 AM

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Jerry
9 months ago
Classic case of scope creep, I bet!
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Albert
9 months ago
Wait, how can we be ahead of schedule and over budget? Sounds off.
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Brock
9 months ago
Actually, we're over budget too. Not great.
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Brinda
10 months ago
But we're under budget, right? That's a plus!
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Marjory
10 months ago
EV is less than PV, so definitely behind schedule.
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Mike
10 months ago
Based on what I studied, since EV is less than PV and AC is more than EV, I think the project is behind schedule and over budget.
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Joesph
10 months ago
I'm a bit confused. I thought if we're ahead of schedule, EV should be greater than PV, but here it's not.
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Flo
10 months ago
I think I practiced a question like this, and it had something to do with comparing EV and AC. I feel like we're over budget since AC is higher than EV.
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Daron
11 months ago
I remember that if EV is less than PV, the project is behind schedule, but I'm not sure about the budget part.
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Yolando
11 months ago
I've got this! The key is to compare the EV, AC, and PV values to determine the project's schedule and cost performance. I'm confident I can nail this question.
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Stacey
11 months ago
Wait, I'm not sure I'm following this correctly. Let me re-read the question and think through the calculations again to make sure I have the right approach.
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Lou
11 months ago
Hmm, I remember learning about these earned value metrics, but I'm a bit fuzzy on how to interpret them. I'll need to review my notes to make sure I'm applying them correctly.
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Stevie
11 months ago
Okay, let's think this through step-by-step. We have the Earned Value (EV), Actual Cost (AC), and Planned Value (PV) data, so we can calculate the project status indicators.
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Reed
11 months ago
This looks straightforward. Based on the information given, the project is ahead of schedule but over budget, so the answer must be A.
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Val
11 months ago
Okay, I think I've got a good handle on this. The key is figuring out how to integrate the on-premises DNS with the new VPC service. I'll focus on the Route 53 Resolver options.
upvoted 0 times
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Tamar
11 months ago
This looks like a straightforward question about the Database Upgrade Assistant tool. I'll need to carefully read through the options and think about when this tool would be used.
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Osvaldo
2 years ago
Looks like the project manager is trying to pull a fast one on us. If the EV is less than the PV, that means we're behind schedule. And if the AC is higher than the EV, well, we're over budget. Option B all the way, my dude!
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Ronny
2 years ago
I'm feeling a bit like a budget detective here. Let's see, if the EV is less than the PV, we're behind schedule. And if the AC is higher than the EV, we're over budget. Definitely option B, no doubt about it!
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Solange
2 years ago
Looks like we need to make some adjustments to get back on track.
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Merilyn
2 years ago
Yes, I agree. The project is behind schedule and over budget.
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Peggy
2 years ago
I think option B is the correct one.
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Brigette
2 years ago
Hold up, let me put on my project management glasses. Okay, got it! Since the EV is less than the PV, we're behind schedule. And the AC is higher than the EV, so we're over budget. B is the way to go.
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Benton
2 years ago
B) Project is behind schedule, but over budget
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Rasheeda
2 years ago
AC is higher than EV, so we're over budget.
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Kimi
2 years ago
EV is less than PV, so we're behind schedule.
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Glory
2 years ago
So, the answer is B) Project is behind schedule, but over budget.
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Long
2 years ago
I agree, the PV is higher than EV.
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Venita
2 years ago
Woah, this is a tricky one! If the project's EV is less than the PV, that means we're behind schedule. And if the AC is more than the EV, we're over budget. Gotta be option B, my friend.
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Felicidad
2 years ago
Hmm, let's see. The project's EV is $1,500,000, AC is $1,000,000, and PV is $2,000,000. Looks like we're behind schedule, but over budget. I'd go with option B.
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An
2 years ago
Yes, it looks like the project is behind schedule and over budget. Option B is the best choice.
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Aja
2 years ago
I agree, option B seems to be the most accurate based on the information provided.
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Eliseo
2 years ago
I think the project is behind schedule.
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