PMP Questions ID 2080 the six month project has 300 work packages and a us 600 000 budget three months into the proje

The six-month project has 300 work packages and a us $600,000 budget. Three months into the project, 150 work packages are complete and us $300,000 has been spent. Which of the following is correct?

Select one

The project manager should reevaluate cost performance but not worry about time

There is not enough information

The project needs 50 more work packages to be completed to be on time

The project is on time and on budget

PMP Question No 2079 - Cost

Identified risks are:

Select one

Both an input to and an output of the Estimate Costs process.

An output of the Estimate Costs process.

An input to the Estimate Costs process.

Not related to the Estimate Costs process.

Answer

PMP Question No 2078 - Cost

A project team budgeted us $3,000 for the work performed and has spent us $4,000 to date. If they budgeted us $5,000 for the work sccheduled, what is the cost variance (CV)?

Select one

$2000

($1000)

($2,000)

$1000

Answer

PMP Question No 2077 - Cost

What is the difference between expected monetary value and net present value

Select one

Expected value is the estimated value of the work actually accomplished and net present value is the value of the work to be done.

Expected value is the value it takes to recover your investment and net present value is the value of money.

Expected value is the probability times impact of an opportunity and net present value is the benefits less costs over many time periods.

Expected value is the estimated value of risk response plans and net present value helps determine the value of investments.

Answer

PMP Question No 2076 - Cost

Payment for any decision made or encouraged by a foreign official with respect to whether a company will be awarded a project is best described as:

Select one

A sunk cost

A bribe

A common practice

A progress fee

Answer