196 New PMP Cost Questions & Answers with explanation
41.
According to EVM, which term below represents the outstanding amount of money required to finish the project?
Select one
42.
A seller submits an invoice that is outside of the funding limit reconciliation during project planning. What is the least likely cause?
Select one
43.
A budget estimate is in the range from
Select one
44.
If earned value (EV) = 350, actual cost (AC) = 400, and planned value (pv) = 325, what is the cost variance (CV)?
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45.
A project manager has completed a detailed wbs and cost estimates for each work package. To create a cost baseline from this data, the project manager will:
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46.
During the conceptual phase of a pipeline project, the project engineer estimates the following. The cost of the materials is most likely us $100,000, optimistically u $90,000, and pessimistically us $120,000. The cost for labor is most likely us $80,000, optimistically us $70,000, and pessimistically us $100,000. The cost for equipment is most likely us $60,000, optimistically us $50,000, and pessimistically us $70,000. The cost for construction management fees is most likely us $30,000, optimistically us $20,000, and pessimistically us $40,000. What is the probability of the project coming in under us $270,000?
Select one
47.
Value analysis is performed to get:
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48.
Advantage of bottom-up estimates
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49.
During which project management process group are budget forecasts created?
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50.
In which part of the cost management process is earned value (EV) used
Select one