CIS 550 / Week 11Chapter 13 Review Questions13-R3 Schedule variance (SV) is in dollars and does not directly represent time. Why is that still useful?Although schedule variance is in dollars and does not directly represent time, it is still very useful in assessing the direction all the work in the project is taking after 20 or more percent of the project has been completed. 13-R4 How would a project manager use the CPI?The cost performance index (CPI) is the ratio of earned value to actual cost. It would be used by a project manager to measure the cost efficiency of the work accomplished to date. The CPI represents the value of work planned to date that has been completed for each dollar actually spent. A CPI of 1.00 indicates progress is as planned while an index greater than 1.00 shows progress is better than expected.13-R5 What are the differences between BAC and EAC?BAC is the budgeted cost at completion and is total budgeted cost of the baseline or project cost accounts.
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