PMP Questions ID 2083 a cost management plan contains a description of

A cost management plan contains a description of:

Select one

The project costs.

The budgets and how they were calculated.

The WBS level at which earned value will be calculated.

How resources are allocated.

PMP Question No 2082 - Cost

A project manager is analyzing the project to find ways to decrease costs. It would be best the project manager looks at

Select one

Direct costs and variable costs.

Indirect costs and direct costs

Fixed costs and indirect costs

Variable costs and fixed costs.

Answer

PMP Question No 2081 - Cost

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

Yes, your SPI is 1.05

Yes, your SV is $10 million

No, your CPI is too high

Answer

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

New PMP Question & Answers with explanation