AACE EVP Practice Questions - AACE Earned Value Professional Exam - AACE EVP Practice Questions

Question 1

Per ANSI/EIA-748 Earned Value Management Systems standard, the FIRST of the five major process groups is:

Planning, Scheduling, and Budgeting Organizing Accounting Considerations Analysis and Management Reports

Correct Answer:

Organizing

Question 2

A Control Account is BEST defined as:

The lowest level of the WBS where work is performed The intersection of a WBS element and an OBS element where scope, schedule, and budget come together for performance measurement A bank account for project payments A risk register entry

Correct Answer:

The intersection of a WBS element and an OBS element where scope, schedule, and budget come together for performance measurement

Question 3

Planning Packages (PPs) within a Control Account contain:

Work that is currently being executed Far-term scope that has not yet been decomposed into detailed work packages Already-completed work Risk reserves

Correct Answer:

Far-term scope that has not yet been decomposed into detailed work packages

Question 4

The Performance Measurement Baseline (PMB) is BEST defined as:

The contract value The time-phased budget for all authorized work plus contingency for known-unknowns, excluding management reserve and undistributed budget that hasn't been allocated to control accounts Actual cost incurred The forecast EAC

Correct Answer:

The time-phased budget for all authorized work plus contingency for known-unknowns, excluding management reserve and undistributed budget that hasn't been allocated to control accounts

Question 5

Earned Value (EV / BCWP) for a work package at a given status date is:

The actual cost charged to the work package The budgeted value of the work that has actually been completed in the work package, computed per the applicable earned value technique The total budget at completion The remaining budget

Correct Answer:

The budgeted value of the work that has actually been completed in the work package, computed per the applicable earned value technique

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About this Exam

Prepare with the AACE EVP Practice Questions - AACE Earned Value Professional Exam practice quiz. This question bank includes 100 questions covering work, cost, ansi, eia-748, and project. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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AACE EVP Practice Questions - AACE Earned Value Professional Exam

This practice set contains 100 questions from the matching question bank and focuses on work, cost, ansi, eia-748, and project. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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AACE EVP Practice Questions - AACE Earned Value Professional Exam

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