New PMP Question & Answers with explanation

The most recent analysis of Microcorp's new fabrication facility renovation project shows a CPI value of less than 1.0. What does this indicate?
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Which of the following indicates the required cost performance in order to complete the project on budget?
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The formula for Cost Variance is:
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A large construction project for a logistics company will require the expenditure of a large amount of capital. The finance group works with the project manager to project set limits when expenses will be incurred in a given project and to determine whether there are ways to smooth out or level the spending to avoid a single large expenditure in one quarter and none in the next. This is an example of:
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The cost estimates for a project are in the range of +/- 5 %. What phase is the project likely to be in?
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