PMP Questions ID 1102 what does a cost performance index cpi of more than 1 0 indicate

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New PMP Question & Answers with explanation

What does a Cost Performance Index (CPI) of more than 1.0 indicate?

Select one

The project is ahead of schedule.

The project is right on budget.

The project is under budget.

The project is over budget.

PMP Question No 1081 - Cost

While analyzing a project, the project manager calculated the ratio of the Earned Value (EV) to the Actual Costs (AC) and obtained a value of 1.2. The project manager decided this was an unfavorable condition for the project and decided to take corrective action. What is your view?

Select one

The project manager is correct. The ratio of EV to AC is the Cost Performance Index and a ratio greater than 1 is unfavorable to the project

The project manager is not correct. The ratio of EV to AC is the Cost Variance and a ratio greater than 1 is favorable to the project.

The project manager is not correct. The ratio of EV to AC is the Cost Performance Index and a ratio greater than 1 is favorable to the project

The project manager is correct. The ratio of EV to AC is the Cost Variance and a ratio greater than 1 is unfavorable to the project.

Answer

PMP Question No 1078 - Cost

At the end of a project, what will your schedule variance be equal to?

Select one

Zero

Equal to the total PV

One

Equal to the total EV

Answer

PMP Question No 1069 - Cost

Two efficiency indicators that reflect the cost and schedule performance of a project are:

Select one

Actual Cost (AC) and Planned Value (PV)

Cost Pricing Index (CPI) and Schedule Performance Index (SPI)

Cost Projection Index (CPI) and Schedule Projection Index (SPI)

Cost Performance Index (CPI) and Schedule Performance Index (SPI)

Answer

PMP Question No 1024 - Cost

If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project?

Select one

The cost variance is $1.05

The cost variance is $5,000

The cost variance is $0.95

The cost variance is $-5,000

Answer