Welcome to the Calculations Practice Set.
These questions will test your ability to apply formulas, analyze project data, and interpret numerical scenarios. Keep a notepad nearby and work with clarity. Precision matters. Strengthen this skill and the PMP exam becomes easier.
1.
The formula for calculating the To-Complete Performance Index (TCPI) when forecasting to the newly revised Estimate at Completion (EAC) is:
2.
A project has a Budget At Completion (BAC) of $100,000, an Earned Value (EV) of $60,000, and an Actual Cost (AC) of $70,000. The project manager wants to finish exactly on budget (BAC). What is the required To-Complete Performance Index (TCPI) to achieve the BAC?
3.
A project manager notes the following values: CPI = 1.15, EV = $90,000, and AC = $78,261. The Planned Value (PV) is $100,000. What is the SPI?
4.
A project has an Estimate at Completion (EAC) of $150,000. The Actual Cost (AC) incurred to date is $60,000. What is the Estimate to Complete (ETC)?
5.
A Schedule Performance Index (SPI) of 0.75 indicates that:
6.
A project has a scope of work budgeted (BAC) at $80,000. At the last status meeting, the team confirmed they had completed work that has a budgeted value of $45,000. What is the Earned Value (EV)?
7.
A project has the following data: Actual Cost (AC): $40,000 Earned Value (EV): $45,000 Planned Value (PV): $50,000 What is the Schedule Variance (SV)?
8.
Actual Cost (AC) is also known by which of the following terms?
9.
A project's Earned Value (EV) is $75,000, and its Planned Value (PV) is $80,000. What is the Schedule Variance (SV)?
10.
Which of the following formulas represents the Schedule Performance Index (SPI)?
11.
You are managing a task with a total budget (BAC) of $10,000 over 10 days. The work is planned to be completed linearly (at a constant rate) each day. What is the Planned Value (PV) after 3 days?
12.
If the Actual Cost (AC) for a task is $4,500 and the budgeted value of the work performed (EV) is $5,000, what is the Cost Variance (CV), and what does the result mean?
13.
A project's Budget At Completion (BAC) is $50,000. The project currently has an Earned Value (EV) of $30,000 and an Actual Cost (AC) of $35,000. If management assumes future performance will be at the budgeted rate (CPI = 1.0 for future work), what is the ETC?
14.
A project has a Cost Variance (CV) of -$5,000 and an Earned Value (EV) of $35,000. What is the Actual Cost (AC) of the project?
15.
Which of the following correctly describes Earned Value (EV)?
16.
The total forecasted cost of a project at its completion, calculated periodically based on project performance, is known as:
17.
A project has a Schedule Variance (SV) of -$7,000 and a Planned Value (PV) of $70,000. What is the Schedule Performance Index (SPI)?
18.
Estimate to Complete (ETC) represents:
19.
The project manager determines that the cost variances encountered to date are atypical and will not occur in the future. The original Estimate To Complete (ETC) is still valid. The current Actual Cost (AC) is $30,000, and the Budget At Completion (BAC) is $80,000. What is the Estimate at Completion (EAC) using this assumption?
20.
A project activity has the following time estimates: Optimistic (O) = 4 days, Pessimistic (P) = 16 days, and Most Likely (M) = 7 days. Using the PERT formula, what is the expected duration (E) for this activity?
21.
A contractor invoice for completed work totals $12,500. This is the only expenditure for the work package to date. The budget for this work package is $15,000, and it is 80% complete. What is the Actual Cost (AC)?
22.
You are forecasting the remaining cost for a project where the current Cost Performance Index (CPI) is 0.80, the Budget At Completion (BAC) is $40,000, and the Earned Value (EV) is $20,000. Assuming current poor performance is expected to continue, what is the ETC?
23.
A project has a Budget At Completion (BAC) of $500,000. At the 50% completion mark, the team has spent $260,000. What is the Cost Variance (CV)?
24.
A project is scheduled to have completed 40% of its work by the end of the second month. The total project budget (BAC) is $150,000. What is the Planned Value (PV) at the end of the second month?
25.
A project has 12 stakeholders, including the Project Manager. The project sponsor asks you to calculate the complexity of communications. How many potential communication channels are there?
26.
A project has an Earned Value (EV) of $150,000 and an Actual Cost (AC) of $125,000. What is the Cost Performance Index (CPI)?
27.
A project team has spent a total of $75,000 on all work performed up to the status date. The budgeted value of the work completed (EV) is $70,000, and the planned value (PV) is $80,000. What is the Actual Cost (AC) for the project?
28.
Which of the following formulas represents the Cost Performance Index (CPI)?
29.
A project currently has an Earned Value (EV) of $120,000 and an Actual Cost (AC) of $135,000. What is the Cost Variance (CV)?
30.
A project's Earned Value (EV) is $25,000 and its Planned Value (PV) is $20,000. What is the Schedule Performance Index (SPI)?
31.
A project has a total budget (Budget At Completion, BAC) of $200,000. At the current status date, the project team confirms that 30% of the total work has actually been completed. What is the Earned Value (EV) for this project?
32.
Schedule Variance (SV) is a measure of schedule performance, calculated as the difference between which two Earned Value Management (EVM) components?
33.
If the Schedule Variance (SV) is $15,000, which of the following statements must be true?
34.
Which of the following terms is calculated by subtracting Actual Cost (AC) from Earned Value (EV)?
35.
A project manager receives a status report indicating that Planned Value (PV) is $10,000 and Actual Cost (AC) is $12,000. The report also indicates that the work completed to date has a budgeted value of $9,000. What is the Earned Value (EV) for the project?
36.
A project has a Cost Variance (CV) of -$10,000 and an Actual Cost (AC) of $50,000. What is the Cost Performance Index (CPI)?
37.
Your project team consists of 1 Project Manager and 7 team members. If all team members must communicate with each other and the Project Manager, how many potential communication channels exist?
38.
A project has a Budget At Completion (BAC) of $150,000, an Earned Value (EV) of $70,000, and an Actual Cost (AC) of $80,000. If the project manager sets a new, revised Estimate at Completion (EAC) of $160,000, what is the required TCPI to achieve this new EAC?
39.
A Cost Performance Index (CPI) of 0.92 indicates that:
40.
A specific deliverable was budgeted (BAC) at $15,000. The team is 75% complete on the deliverable. What is the Earned Value (EV) for this deliverable?
41.
What does a To-Complete Performance Index (TCPI) value of 1.10 mean for the remaining project work?
42.
Which of the following metrics can only be known after the money has actually been spent?
43.
The PERT technique calculates expected activity duration using a weighted average. The weight assigned to the Most Likely (M) estimate is:
44.
A project's original total budget (BAC) is $80,000. At the status date, 40,000 worth of work was planned (PV), 35,000 worth of work was actually completed (EV), and 38,000 was spent (AC). What is the CPI?
45.
Planned Value (PV) is best defined as:
46.
A project has a Budget At Completion (BAC) of $100,000. Current Earned Value (EV) is $40,000, and Actual Cost (AC) is $50,000. Assuming future work will be performed at the current cost performance rate (CPI is expected to continue), what is the Estimate at Completion (EAC)?
47.
A Cost Variance (CV) of zero indicates that:
48.
Which of the following Estimate at Completion (EAC) calculation formulas assumes that the project will perform the remaining work (ETC) at the budgeted CPI (i.e., CPI = 1.0)?
49.
A Schedule Variance (SV) value of -$8,000 means the project is:
50.
A project manager has determined that the required TCPI to achieve the Budget At Completion (BAC) is 0.95. What action is most likely necessary?
51.
Which of the following scenarios results in the lowest (most optimistic) Estimate to Complete (ETC)?
52.
At the status date, the Earned Value (EV) is $45,000 and the Actual Cost (AC) is $50,000. The project plan indicates that, by this date, 55,000 worth of work should have been completed. What is the project's Planned Value (PV)?
53.
A project has a total budget of $50,000. The current status date is in week 5. The project plan shows that by week 5, 20,000 worth of work should have been completed. What is the Planned Value (PV)?
54.
A project currently has a BAC of $30,000. It has an EV of $10,000 and an AC of $8,000. The project manager believes that the past favorable performance will continue for the remainder of the project. What is the EAC?
Well done.
These calculation questions are your foundation for numerical confidence. Review each formula and ensure you understand the logic behind the result. Keep a list of formulas you miss and practice them again. Accuracy grows with repetition.
