Free 2,500+ PMP questions for practice

To practice your pre-exam and review each question with detail explanation, let try with our FREE Exam tool

New matching, multiple choices exam questions from domain, process, business environment and agile which align with the new 2021 exam contain outline

197 New PMP Cost Questions & Answers with explanation

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?
Select one
Two efficiency indicators that reflect the cost and schedule performance of a project are:
Select one
At the end of a project, what will your schedule variance be equal to?
Select one
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?
Select one
A project was estimated to cost $200,000 with a timeline of 10 months. Due to a shipment delay, the schedule was slightly delayed. However, this was made up by shipping the first batch of materials for the project by air. The net result was that there was some additional cost in the project. At the end of the second month, the Project Manager reviews the project and finds that the project is 20% complete and Actual Costs are $50,000. The Estimate to Complete (ETC) for the project would now be:
Select one
The Earned Value Management methodology can be used to:
Select one
The formula for Cost Variance is:
Select one