PMP Perjuangan Chapter 7 Cost Management

PMP Perjuangan Chapter 7 Cost Management

Professional Development

10 Qs

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PMP Perjuangan Chapter 7 Cost Management

PMP Perjuangan Chapter 7 Cost Management

Assessment

Quiz

Professional Development, Business, Education

Professional Development

Hard

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

You are over budget and it seems difficult for you to complete with your current budget which is 250,000 USD. Considering your current cost performance will be the same as the future cost performance, you calculate your new budget as 300,000 USD. To date, you have spent 100,000 USD. What is the Earned Value?

150,000 USD

120,000 USD

83,000 USD

100,000 USD

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Due to some issues, your project is behind schedule and over budget, therefore management is very concerned about the future of your project. To show the exact picture of your project you calculate the TCPI, and you go to management. What does this TCPI show the management?

The required cost performance to complete the project within the approved budget

The required schedule performance to complete the project within the approved time

The new projected cost to complete the project within the approved time

The new projected time to complete the project within the approved budget

3.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

The cost management plan has all the following characteristics:

It is based on project cost estimates and is separate from the project management plan.

It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken.

It may specify the level of precision, which is the degree to which activity cost estimates will be rounded up or down.

It describes how the project costs will be planned, structured, and controlled.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Parametric estimating involves:

Defining cost or duration parameters of the project life cycle.

Calculating individual cost estimates for each work package and integrating them to obtain the total cost of the project.

Using a statistical relationship between relevant historical data and other variables to calculate a cost estimate for project work.

Using the actual cost of a previous similar project to estimate the cost of the current project.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following cumulative measures indicates that your project is about 9% over the budget?

The cumulative AC was 100, and the cumulative EV was 110

The cumulative PV was 100, and the cumulative AC was 110

The cumulative AC was 110, and the cumulative EV was 100

The cumulative EV was 100, and the cumulative PV was 110

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The authorized time phased budget which you use to monitor and control the cost of the project is known as:

Funding limit reconciliation

EAC

Cost baseline

Schedule baseline

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Assuming your past performance will be the same as the future performance, you have calculated the EAC as 250,000 USD. Your previous budget was 200,000 USD and you have earned 50,000 USD to date. What is the money spent to date?

40,000 USD

50,000 USD

90,000 USD

62,500 USD

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