PMP Questions ID 2092 a manufacturing project has a schedule performance index spi of 0 89 and a cost performance ind

A manufacturing project has a Schedule Performance Index (SPI) of 0.89 and a Cost Performance Index (CPI) of 0.91. Generally, what is the best explanation for why this occurred?

Select one

A supplier went out of business and a new one needed to be found.

The scope was changed.

A critical path activity took longer and needed more labor hours to complete.

Additional equipment needed to be purchased.

PMP Question No 2091 - Cost

You are in the middle of project executing and find you are running out of money due to unanticipated changes. What is the best thing to do

Select one

Crash or fast track the project

Ask for a change to the project budget

Use resources that do not charge against the project

Reevaluate the risk analysis and contingency funding

Answer

PMP Question No 2090 - Cost

Early in the life of your project, you are having a discussion with the sponsor about what estimating techniques should be used. You want a form of expert judgment, but the sponsor argues for analogous estimating. It would be best to:

Select one

Try to convince the sponsor to allow expert judgment because it is typically more accurate.

Suggest life cycle costing as a compromise.

Determine why the sponsor wants such an accurate estimate.

Agree to analogous estimating, as it is a form of expert judgment.

Answer

PMP Question No 2089 - Cost

You provide a project cost estimate for the project to the project sponsor. He is unhappy with the estimate, because he thinks the price should be lower. He asks you to cut 15 percent off the project estimate. What should you do?

Select one

Inform the sponsor of the activities to be cut.

Add additional resources with low hourly rates

Tell all the team members to cut 15 percent from their estimates.

Start the project and constantly look for cost savings.

Answer

PMP Question No 2088 - Cost

This has been determined that six additional computers are needed to complete the project. The computers are an example of

Select one

Limited cost

Diminishing cost

Indirect cost

Fixed cost

Answer