PMP Questions ID 2094 a cost performance indes cpi of 0 89 means

Select one

The project is progressing at 89 percent of the rate planned.

When the project is completed, we will have spent 89 percent more than planned.

The project is getting 89 cents out of every dollar invested.

At this time, we expect the total project to cost 89 percent more than planned

You take over a project that is us $100,000 over budget. You know the team has completed us $500,000 worth of work. Your sponsor has been calling all day leaving messages while you were in meetings asking for a quick update on the project status. What will you tell him when you return his call?

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?

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

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

The scope was changed.

Additional equipment needed to be purchased.

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

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.

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