PMP Questions ID 1227 analogous cost estimating is which of the following

Analogous Cost Estimating is which of the following?

Select one

Generally less accurate

Uses statistical relationship between historical data and other variables

Generally accurate

Bottom-up estimating

Although the business value is unique to each organization, each organization strives to attain business value for its activities. Which of the following does NOT create value for an organization?

Select one

Escalation of commitment on projects involving significant sunk cost

Effective management of ongoing operations

Strategic alignment of project objectives

Successful management of nonprofit business-related activities

Answer

PMP Question No 1215 - Cost

What does it mean if the Earned Value is equal to Actual Cost?

Select one

Schedule Variance Index is 1

Project is on budget and on schedule

There is no cost variance

There is no schedule variance

Answer

PMP Question No 1188 - Cost

The Cost Management Plan is an output of the Plan Cost Management process. This plan is then integrated with other project plans in which of these processes?

Select one

Develop Project Management Plan

Monitor and Control Project Work

Perform Integrated Change Control

Direct and Manage Project Work

Answer

PMP Question No 1161 - Cost

A project was estimated to cost $200,000 with a timeline of 10 months. Due to a shipment delay, the schedule was slightly delayed. However, this was made up by shipping the first batch of materials for the project by air. The net result was that there was some additional cost in the project. At the end of the second month, the Project Manager reviews the project and finds that the project is 20% complete and Actual Costs are $50,000. The Estimate to Complete (ETC) for the project would now be:

Select one

$160,000

$210,000

$250,000

$200,000

Answer

New PMP Question & Answers with explanation