PMP Questions ID 1129 martin is the project manager of a project that is in an early phase he needs to estimate costs

Martin is the project manager of a project that is in an early phase. He needs to estimate costs but finds that he has a limited amount of detailed information about the project. Which of the following estimation techniques is least suited to his requirements?

Select one

Bottom-up Estimating

Analogous Estimating

Top-down Estimating

Budgetary Estimating

PMP Question No 1102 - Cost

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

Select one

The project is under budget.

The project is over budget.

The project is right on budget.

The project is ahead of schedule.

Answer

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 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.

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.

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