New PMP Question & Answers with explanation
The previous cost performance index was 1.1. The most recent calculation is at .89. The schedule variance is positive, but a critical path activity is trending to take longer than estimated, and there is inserted wait time between this activity and its successor activity. As discussed at the team meeting, the possibility that this activity would take longer than estimated had been identified in planning along with suggested responses. The team agrees that the suggested responses are still valid. You are analyzing this change before issuing the status report. All of the following are relevant for analyzing a cost overrun except:
Select one
A management team is trying to decide if it will continue working on a project that has spent us $500,000. The original estimate for work completed to date was us $200,000. The difference between the actual cost and the original estimate, is a(n):
Select one
For each activity on your project, you have worked with designers, engineers, technical experts, and consultants to come up with details on the resources needed to complete the activity. For some of the activities the lists are quite long, as you need raw and finished materials, equipment, and people. You have a limited amount of warehousing available, so you have to coordinate the deliveries and work so that the materials and equipment are delivered as close to the start of an activity as possible. You and the project management team have identified the amount of time and money needed for each of the activities, which you have then aggregated and analyzed with their help. These efforts will eventually result in the creation of a cost baseline for he project. In which process is the cost baseline developed?
Select one
The best description of costs that are directly impacted by the amount of production is:
Select one
While managing a project in another country, you are asked to make a "facilitting" payment so the country officials will issue a work order. What should you do?
Select one