PMP Questions ID 2130 you are a project manager for a small construction project your project was budgeted for u s 7

You are a project manager for a small construction project. Your project was budgeted for u.s. $72,000 over a six week period. As of today, you've spent u.s. $22,000 of your budget to complete work that you originality expected would cost u.s. $24,000. According to your schedule, you should have spent u.s. $30,000 by this point. Based on these circumstances, your project could be best described as:

Select one

Over budget

Under budget

On budget

Not having enough information provided

PMP Question No 2129 - Cost

A definitive estimate is in a range from

Select one

(25 per) to 75 per from actual

(10 per) to 25 per from actual

(-30 per) to 40 per from actual

(10 per) to 10 per from actual

Answer

PMP Question No 2128 - Cost

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

Select one

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

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

Answer

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