New PMP Question & Answers with explanation
Your vice president asked you what the Estimate at Completion (EAC) will be for a small project you are working on. You were given a budget of $30,000, and to date you have spent $20,000 but only completed $10,000 worth of work. You are sure the future work will be accomplished at the planned rate. What is the EAC?
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John, a project manager for Code Crashers, Inc., has a project with a group of inexperienced programmers that will develop a software package that creates Material Safety Data Sheets (MSDS) for a chemical company. This situation strongly resembles a project his colleague, Peter, worked on in 2006. If John needs to come up with a rough order of magnitude estimate, what tool or technique should he use?
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A project’s financial management reserves are determined in which process:
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Analogous Cost Estimating is which of the following?
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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?
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