PMP Questions ID 2104 although the stakeholders thought there was enough money in the budget halfway through the proje

Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the estimate was completed. Which of the following describes what was missing?

Select one

Estimated costs should be used to measure CPI.

SPI should be used, not CPI.

Past history was not taken into account.

Bottom-up estimating should have been used.

Your cost forecast shows that you will have a cost overrun at the end of the project. Which of the following should you do?

Select one

Cut quality.

Decrease scope.

Eliminate risks in estimates and reestimate.

Meet with the sponsor to find out what work can be done sooner.

What would be the best explanation for the following: both the cost variance and schedule variance are negative, but the cost variance is lower than the schedule variance

Select one

The project underspent, because costs were lower than planned and activities were easier to complete than planned

The project overspent due to increased costs and yet completed some activities faster

The project activities took longer then excepted, but cost were lower

The project underspent because all work was not completed, but overspent work that was completed

You have always been asked by your management to cut your project cost estimates by 10 percent after you submitted them. The scope of your new project is unclear, and there are over 30 stakeholders. Management expects a 25 percent reduction in downtime as a result of the project. Which of the following is the best course of action in this situation?

Select one

Provide an accurate estimate of the actual costs and be able to support your estimate

Meet with the team to identify where you can find 10 percent savings

Reduce the estimate and note the change in the risk response plan

Replan to achieve a 35 percent improvement in downtime

Your organization is hoping to meet its strategic objective to grow the business by expanding to foreign markets. Since working with international sellers is new to you as a project manager you are researching potential issues others have encountered on international projects. You have learned of situations where issues have arisen due to illegal payments. Which e following payments on an international project is unacceptable?

Select one

Offering to pay the country officials for not awarding the project to a particular company

Payment for mail service

Payment for police protection

Payment for a foreign workers application license required in the country

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