Project Cost Management
SKILLSET
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Related Questions
- Harriet has a project that was scheduled for 10months. The Planning section took 2 months, The Execution phase took 6 months, and the final phase is still open. Harriet estimates that the project is 90% complete. What is the status of the project?
- True or False: An SPI value less than 1.0 indicates less work was completed than was planned.
- Which is better, a cost performance index of 1 or 0.5?
- Which of the following are outputs of the Control Costs process? (select two)
- Earned value management(EVM)-Check all that apply.
- Which is better, a cost variance of 0, -1, -100, or -1000?
- If the CPI is 0.89, then what does that mean?
- Ben was asked by his PMO Director to review the project that just closed and provide the variance at completion. Based on the following parameters, what was the VAC condition? BAC=$125,000 and CPI =.75.
- True or False: Schedule variance can be a negative number?
- After the acquisition of the Dongle Company, the project portfolio was reviewed. During the review it was noted that the Cost Performance index looks like the following: .8, .5, .75, .7, .9, 1.35 1.2, .7, 1.4, and .8. If their policy is to cut any projects underperforming or above planned cost; what percentage of projects will be cut?