New PMP Question & Answers with explanation
You are a project manager working on a project that requires 100 items to be tested, spaced evenly over five weeks. You have just begun week three, with an overall budget of us $10,000. To date, you have spent us $2,000 with 40 items tested successfully. What does the cost variance (CV) tell you in this circumstance?
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You are working on the performance reporting for the project you are managing. Schedule performance is the top constraint. As you are gathering the data, you need information for the formulas that you will be reporting on. Which of the following represents the value of work actually completed
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An estimate at completion (EAC) is an output of which of the following?
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A project has run into cost difficulties. The project scope must be completed, but at less cost. The project manager should:
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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:
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