196 New PMP Cost Questions & Answers with explanation
131.
What is the primary risk when including reserves, or contingency allowances, in your cost estimate?
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132.
If the project's current total earned value (EV) is $100,000 and the actual amount spent (AC) is $95,000, what is the cost variance of the project?
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133.
At the end of a project, what will your schedule variance be equal to?
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134.
While analyzing a project, the project manager calculated the ratio of the Earned Value (EV) to the Actual Costs (AC) and obtained a value of 1.2. The project manager decided this was an unfavorable condition for the project and decided to take corrective action. What is your view?
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135.
Large variations in the periodic expenditure of funds are undesirable for organizational operations. Therefore, the expenditure of funds is frequently reconciled with the disbursement of funds for the project. According to the PMBOK, this is known as:
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136.
The Earned Value Management methodology can be used to:
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137.
Breaking down project activities into smaller components in order to obtain a more accurate cost estimate and then aggregating the estimates of the lower-level components is:
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138.
Bottom-up Cost estimating is typically motivated by the size and complexity of:
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139.
The formula for Cost Variance is:
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140.
The most recent analysis of Microcorp's new fabrication facility renovation project shows a CPI value of less than 1.0. What does this indicate?
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