PC12 Mock Exam

What is the process called when a project manager examines historical data to predict future project outcomes?

• Trend Analysis

• Data Mining

• Predictive Modelling

• Risk Assessment

Which method listed can be used to make progress analysis easier?

• Gantt Charts
• Statistical Process Control
• Earned Value Analysis
• Risk Matrix

A project's earned value (EV) = £1100, actual cost (AC) = £600, and planned value (PV) = £800. What is the cost variance (CV)?

• £400
• £500
• £600
• £700

The earned value report of the project shows CPI = 1.2, PV = £500,000, SV = -£220,000. What is the cost variance of the project?

• £100,000
• £220,000
• £300,000
• £400,000

What is the median of the following numbers? 13, 13, 13, 13, 14, 14, 16, 18, 21

• 13
• 14
• 15
• 16

Assuming that the current level of progress is as planned, what can you say about the out-turn?

• It will be delayed
• It will be on time and within budget
• There will be cost overruns
• Additional resources will be required

Complete this sentence: Planned value (PV) is also known as __________

• Earned Value
• Forecasted Value
• Budgeted Cost of Work Scheduled
• Actual Cost

What is the difference between EAC and ETC in relation to project forecasting?

• EAC refers to remaining budget, while ETC refers to expected costs for work completed
• EAC is the estimated total project cost, while ETC is the estimated remaining cost
• EAC refers to scheduled work cost, and ETC refers to earned value
• EAC is the amount over budget, and ETC is the cost variance

What is the mean of the following numbers? 13, 7, 33, 17, 54, 87, 20

• 30
• 33
• 37
• 40

Contract closeout of accounting consists of which of the following?

• Reviewing project budgets
• Ensuring all bills are settled and documentation completed
• Conducting a project audit
• Estimating future project costs