PMP Questions ID 4265 you are a contract project manager for a wholesale flower distribution company your project is t

You are a contract project manager for a wholesale flower distribution company. Your project is to develop a website for the company that allows retailers to place their flower orders online. You will also provide a separate link for individual purchases that are ordered, packaged, and mailed to the consumer directly from the grower's site. This project involves coordinating the parent company, growers, and distributors. You are preparing a performance review and have the following measurements at hand: PV = 300, AC = 200, and EV = 250. What do you know about this project?

Select one

The CV is a negative number in this case, which means you've spent less than you planned to spend as of the measurement date.

You do not have enough information to calculate CPI.

The EAC is a positive number, which means the project will finish under budget.

The CV is a positive number in this case, which means you're under budget as of the measurement date.

PMP Question No 4264 - All Domains

This measurement is the value of the work that has been completed to date compared to the budget.

Select one

EAC

Answer

PMP Question No 4263 - All Domains

What are the performance measurements for the Control Schedule process?

Select one

SV = (EV – PV) and SPI = (EV / PV)

SV = (EV – AC) and SPI = (EV / AC)

SV = (EV – BAC) and SPI = (EV / BAC)

SV = (PV – EV) and SPI = (PV / EV)

Answer

PMP Question No 4262 - All Domains

Which of the following might require re-baselining of the cost baseline?

Select one

Corrective action

Revised cost estimates

Updates to the cost management plan

Budget updates

Answer

PMP Question No 4261 - All Domains

You are a project manager for Laurel's Theater Productions. Your new project is coming in over budget and requires a cost change through the cost change control system. You know which of the following statements are true regarding Control Costs?

Select three

A description of how cost changes should be managed and controlled is found in the cost management plan.

Approved cost changes are reflected in the cost baseline.

EVM is used to determine the cost performance that must be realized for the remaining work of the project to meet the BAC goal.

This equation, EAC = BAC / cumulative CPI, is used to forecast an estimate at completion assuming future project performance will be the same as past performance.

Answer