PMP Questions ID 2106 your project has a ac 800million pv 890millions and a cpi 1 1 how is the project going

Your project has a AC = $800million, PV = $890millions, and a CPI = 1.1. How is the project going?

Select one

You have no real concerns about either schedule or budget

There is enough money to support an offsite team outing

The project is behind schedule

Both the schedule and the budget are better than planned

PMP Question No 2105 - Cost

Cost performance measurement is best done through which of the following?

Select one

Using the 50/50 rule and making sure the life cycle cost is less than the project cost

Focusing on the amount expended last month and what will be expended the following month

Asking for a percent complete from each team member and reporting that in the monthly progress report

Calculating earned value and using the indexes and other calculations to report past performance and forecast future performance

Answer

PMP Question No 2104 - Cost

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

Bottom-up estimating should have been used.

Estimated costs should be used to measure CPI.

Past history was not taken into account.

SPI should be used, not CPI.

Answer

PMP Question No 2103 - Cost

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.

Answer

PMP Question No 2102 - Cost

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

Answer

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