A project was assessed and the following Earned value data have been found: PV: $750,000 EV: $750,000 AC: $900,000 What is the Burn rate of the project?
its the rate you are burning through your money. Its common term for CPI, The CPI stands for Cost Performance Index, which is equal to Earned Value / Actual Cost. You'll need to know CPI. For the Earned Value questions
A project was assessed and the following earned value data have been found: PV: $750,000 EV: $750,000 AC: $900,000 What is the burn rate of the project?87
o 1.20
o 1.10
o 1.00
o 0.83
Answer : 1
Monitoring and controlling Answer: 1 Reference: Project Management, A Systems Approach to Planning, Scheduling and Controlling by H. Kerzner, 10th edition, page 647,
ok, I did some checking for you, and talk to a few other PMPs I work with. The consensus was PMI would mostly have Burn Rate = 1 / CPI
for butn rate. AC/EV isn't consider as the propert formula. the Lehmann answer would be correct. It was also assume they would not test on the term burn rate, but good to know.
gtejwani
Mon, 10/04/2010 - 05:08
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Burn Rate
Burn rate = AC/EV
Burn Rate=1/CPI
Where CPI is cost performance index.
A project was assessed and the following Earned value data have been found: PV: $750,000 EV: $750,000 AC: $900,000 What is the Burn rate of the project?
o 1.20
o 1.10
o 1.00
o 0.83
Burn Rate =900,000/750,00=1.2
AnuMahesh
Mon, 10/04/2010 - 14:50
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Thankyou Gulab !!!
philzs
Fri, 01/23/2015 - 14:12
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burn rate
ok So Burn Rate Formula is AC/EV ?
What is Burn rate in other word ?
What it is usefull for ?
thanks
jwhelan
Sat, 01/24/2015 - 22:02
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Burn Rate
its the rate you are burning through your money. Its common term for CPI, The CPI stands for Cost Performance Index, which is equal to Earned Value / Actual Cost. You'll need to know CPI. For the Earned Value questions
philzs
Sun, 01/25/2015 - 19:08
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Burn Rate - EV/AC (CPI) OR AC/EV
I tought the burn rate was also CPI or EV/AC
But Oliver Lehmann Q87/175
A project was assessed and the following earned value data have been found: PV: $750,000 EV: $750,000 AC: $900,000 What is the burn rate of the project?87
o 1.20
o 1.10
o 1.00
o 0.83
Answer : 1
Monitoring and controlling Answer: 1 Reference: Project Management, A Systems Approach to Planning, Scheduling and Controlling by H. Kerzner, 10th edition, page 647,
IT'S AC/EV
Can you help ?
jwhelan
Tue, 01/27/2015 - 22:36
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CPI
in that question the burn rate is .83 Oliver is wrong. You get what you pay for I guess. I only used prep question I paid for.
philzs
Wed, 01/28/2015 - 18:18
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If I Google, i found many
If I Google, i found many answer different answer from Burn rate
jwhelan
Thu, 01/29/2015 - 01:50
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EVM
Doesn't matter, What matters is what the earn value formulas are, what they mean and when to apply each.
philzs
Fri, 01/30/2015 - 13:23
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ok but, if the exam ask what
ok but, if the exam ask what is the burn rate.. you are in trouble..
I am wondering if burn rate is EV/ac or AC/ev
Admin can help on this one ?
There is many contradictions on the internet, Lehmann says AC/EV
jwhelan
Fri, 01/30/2015 - 15:56
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Burn Rate
ok, I did some checking for you, and talk to a few other PMPs I work with. The consensus was PMI would mostly have Burn Rate = 1 / CPI
for butn rate. AC/EV isn't consider as the propert formula. the Lehmann answer would be correct. It was also assume they would not test on the term burn rate, but good to know.
philzs
Sun, 02/01/2015 - 17:33
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ok but be carefull here
ok but be carefull here
You said Burn Rate = 1/CPI and AC/EV is'int correct
This is the same thing !! 1/CPI or AC/EV = SAME !
EX:
AC = 5
EV = 6
CPI = 6/5 = 1,2
1/CPI OR 1 / 1,2 = 0,8333
AC/EV OR 5/6 = 0,8333
SO burn Rate is NOT CPI, BURN Rate is like Lehman says AC/EV OR 1/CPI
jwhelan
Sun, 02/01/2015 - 22:56
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burn rate is the inverse of the CPI
Yes, Burn rate is not CPI, it is the inverse of CPI. Lehman is correct