196 New PMP Cost Questions & Answers with explanation
181.
If you are managing changes to the project's cost baseline, which process are you using?
Select one
182.
Two efficiency indicators that reflect the cost and schedule performance of a project are:
Select one
183.
Martin is the project manager of a project that is in an early phase. He needs to estimate costs but finds that he has a limited amount of detailed information about the project. Which of the following estimation techniques is least suited to his requirements?
Select one
184.
A large construction project for a logistics company will require the expenditure of a large amount of capital. The finance group works with the project manager to project set limits when expenses will be incurred in a given project and to determine whether there are ways to smooth out or level the spending to avoid a single large expenditure in one quarter and none in the next. This is an example of:
Select one
185.
A project manager presented earned value analysis data in a tabular format in a performance report. Another way the project manager could have presented the earned value analysis data is with:
Select one
186.
The accuracy of estimates of the cost of a project will _________ over the life of a project.
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187.
Bill is the project manager of a software project that was originally estimated to be completed in 12 months. Two months into the project, it is discovered that the original estimating assumptions were fundamentally flawed. The Estimate at Completion (EAC) in such a project will be:
Select one
188.
How would you calculate your EAC if the ETC work is performed at the budgeted rate?
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189.
Which of the following methods of forecasting EAC and ETC is the most accurate?
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190.
The Budget at Completion (BAC) for a project is $50,000. The Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this stage, the project management team did a manual bottom-up summation of costs and forecast an Estimate to Complete (ETC) of $50,000. What is the Estimate at Completion (EAC) for the project?
Select one