PMP Questions ID 2081 your manager is worried about the project schedule there is a critical deliverable due to the fe

Your manager is worried about the project schedule. There is a critical deliverable due to the federal government in two weeks. If you miss the deliverable, you could lose the entire contract. To help reduce the manager's stress, you show him the earned value calculations you just completed. They show your cost performance index (CPI) is 1.25, your actual cost (AC) is us $400 million, and your planned value (pv) is us $490 million. Should you manager be comfortable?

Select one

He needs more data

No, your CPI is too high

Yes, your SPI is 1.05

Yes, your SV is $10 million

PMP Question No 2080 - Cost

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

The project is on time and on budget

There is not enough information

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

Answer

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