Project Cost Management

SKILLSET

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### Related Questions

- Which of the following are outputs of the Control Costs process? (select two)
- If the earned value is $100 and the actual cost is $100, what is the cost variance?
- Larry has one revenue generating project which is both behind schedule and slightly over budget. He has calculated the following against his project: CPI=.9, PV=$60,000, AC=$120,000, BAC=$100,000, and EV=$75,000. Which is the correct EAC calculation result for his project?
- Harry has one research project which is both behind schedule and slightly over budget. He has calculated the following against his project: CPI=.8, PV=$50,000, AC=$100,000, BAC=$75,000, and EV=$65,000. Which is the correct EAC calculation result for his project?
- True or False: In general, a negative variance indicates that performance is less than expected?
- Which are expressed as ratios?
- Harry was asked by his Manager to review the project that just closed and provide the variance at completion. Based on the following parameters, what was the VAC condition? BAC=$180,000 and CPI =.60.
- Jeremiah has 3 projects, with the following conditions: Project 1 _ CPI=.8 & SPI =.9 Project 2- CPI=1.1 & SPI=.8 Project 3 _ CPI= 1.0 & SPI=1 Which of his projects are behind on both planned cost and schedule?
- Rob was asked by his PMO Director to review his projects and calculate each of their TCPIs. The first project he reviewed was currently on or ahead of plan, what is its resultant TCPI and what does this ratio of efficiency tell his director about the project; given the following data: AC=$110,000, BAC=$125,000, and EV=$105,000.
- Budget forecasts can be developed using: