PMP Questions ID 2128 which of the following are all items included in the cost management plan

All Domains

Agile & Scrum

People

Process

Business Environment

CLOUD COMPUTING

Communications

Cost

DECISION SUPPORT SYSTEM (DSS)

FIREWALL TYPES & IMPLEMENTATION

Integration

IT STRATEGY COMMITTEE & IT STEERING COMMITTEE

Procurement

Quality

Resource

Risk

Schedule

Scope

Stakeholder

New PMP Question & Answers with explanation

Which of the following are all items included in the cost management plan?

Select one

Specifications for how estimates should be stated, rules for measuring cost performance, the level of accuracy needed for estimates

Rules for measuring team performance, the level of accuracy needed for estimates, specifications for how estimates should be stated

The level of accuracy needed for estimates, rules for measuring cost performance, specifications for how duration estimates should be stated

Specifications for how estimates should be stated, the level of risk needed for estimates, rules for measuring cost performance

PMP Question No 2127 - Cost

Your company is undergoing a change in ownership and the new owners are looking at the total cost of a new product. Which of the following would best provide that information

Select one

Earned value

Net present value

Life cycle cost

Estimate at completion

Answer

PMP Question No 2126 - Cost

You are tracking your project using earned value management (evm) and find you are behind schedule but under budget. Your variances show schedule variance (SV) = -us $50 million, cost variance (CV) = $100 million, and your actual costs are us $500 million. What are the cpi, pv and spi?

Select one

0.92, $650 million, 1.08

1.2, $650 million, 0.92

1.2, -$100million, 0.92

0.92, $550 million, 1.2

Answer

PMP Question No 2125 - Cost

A project manager has just been notified of a cost increase by a seller. He looks at the contract and determines that the seller has the right to pass along this cost increase. The project manager should fist determine if

Select one

The activity is on the critical path

There is a reserve to handle the change

Another seller can provide it at the orginal cost

Another activity can save money

Answer

PMP Question No 2124 - Cost

What does estimate at completion (EAC) mean

Select one

The anticipated total cost at project completion.

Each anticipated cost for the project

Estimated average cost at project completion

Anticipated expenses at project completion

Answer