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B. Formulas to determine the ETC C. Earned value credit criteria D. Definition of the WBS level Answer: A Explanation: Rules of earned value performance measurement are part of the cost management plan and may (1) define the points in the WBS where measurement of control accounts will be performed; (2) establish the EV measurement techniques such as weighted milestones, fixed-formula, percent complete, etc., to be used; and (3) specific tracking methods and EV equations for calculating the EAC forecasts to provide a validity check on the bottom-up EAC.
QUESTION 145 Which of the following calculations CANNOT be used to determine EAC? A. EV to date plus the remaining project budget B. Accepts actual costs and predicts future ETC work will be done at the budgeted rate C. Assumes what the program has experienced can be expected to continue D. ETC will be performed at an efficiency rate considering both the CPI and SPI Answer: A Explanation: EAC is a forecast of the most likely total value based on project performance and risk quantification. To calculate EAC, the AC of a project must be known and used in the calculation. Any calculation that relies solely on the EV will not yield an accurate measure of cost performance.
QUESTION 146 Typically, the statement "no one likes to estimate, because they know their estimate will be proven incorrect" is true. However, you have been given the challenge of estimating the costs for your nuclear reactor project. A basic assumption that you need to make early in this process is______________ A. How direct and indirect costs will be handled B. Whether or not experts will be available to assist you in this process
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