One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and:

13/12_chap7

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Phan Trung
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37 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Divide by SPI.
Multiply by SPI.
Multiply by CPI.
Divide by CPI.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The finance department requires that you keep them updated on the costs being spent on the capital project you are leading. You were required to submit a funding plan, and monthly forecasts are necessary so that any changes to the funding plan can be requested in advance and evaluated. Exceeding the budget limit is unacceptable as it will impact the stock value. You have successfully implemented processes and practices to anticipate funding changes, and you evaluate them to minimize problems and increase the efficient use of funds. You have employed a variety of reporting and analysis techniques to meet the finance department requirements. One of them is EAC, which is a periodic evaluation of:
The cost of work completed
The value of work performed
The anticipated total cost at project completion
What it will cost to finish the project
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If earned value (EV) = 350, actual cost (AC) = 400, and planned value (PV) = 325, what is the cost variance (CV)?
350
-75
400
-50
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The customer responsible for overseeing your project asks you to provide a written cost estimate that is 30 percent higher than your estimate of the project's cost. He explains that the budgeting process requires managers to estimate pessimistically to ensure enough money is allocated for projects. What is the best way to handle this?
Add the 30 percent as a lump sum contingency fund to handle project risks.
Add the 30 percent to your cost estimate by spreading it evenly across all project activities.
Create one cost baseline for budget allocation and a second one for the actual project management plan.
Ask for information on risks that would cause your estimate to be too low.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You've recently been assigned to manage a marketing project to brand a sustainable development program. Even though you are just starting your efforts, the sponsors are concerned about the likelihood of reaching planned milestones during the project. They are wondering how you will go about estimating. Analogous estimating:
Uses bottom-up estimating techniques
Is used most frequently during project executing
Uses top-down estimating techniques
Calculates estimates using actual detailed historical costs
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Management has asked you to update the projected cost of running your agile team through the end of the project based on the latest project data. What information will you need from the team to update this estimate?
Resource management plan
Release plans
Burndown graph
Product backlog
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
You have been working with the subject matter experts to estimate the activity durations and costs on the project. All the following are outputs of the Estimate Costs process except:
An understanding of the cost risk in the work that has been estimated
The prevention of inappropriate changes from being included in the cost baseline
An indication of the range of possible costs for the project
Documentation of any assumptions made during the Estimate Costs process
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