PM Test Center » cost

Calculating Cost Performance Index (CPI)

Gabe Young — Tue, 20 Jul 2010 04:01:53 +0000

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the CPI?

A. 0.83
B. 0.86
C. 1.16
D. 1.20

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Estimating type that takes the most amount of time

Gabe Young — Sun, 18 Jul 2010 04:01:31 +0000

Which of the following estimating types takes the most amount of time to prepare?

A. Bottom up
B. Analogous
C. Parametric
D. Top down

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How much more the project is expected to cost from here on out

Gabe Young — Tue, 13 Jul 2010 04:01:04 +0000

You are halfway through your project and your sponsor would like to know how much more the project is expected to cost from now until the end. What earned value metric should you use?

A. CV
B. AC
C. EAC
D. ETC

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Least accurate estimating type

Gabe Young — Fri, 25 Jun 2010 04:01:40 +0000

Which of the following estimating types provides the least accuracy?

A. Analogous
B. Engineering
C. Bottom-up
D. Grass roots

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Calculating Cost Variance (CV)

Gabe Young — Wed, 23 Jun 2010 04:01:41 +0000

If EV = 25,000, PV = 30,000, and AC = 29,000, what is the CV?

A. -1,000
B. -4,000
C. 1,000
D. 4,000

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Estimating type that takes the least amount of time

Gabe Young — Sat, 19 Jun 2010 04:01:02 +0000

Which of the following estimating types takes the least amount of time to prepare?

A. Analogous
B. Parametric
C. Engineering
D. Bottom up

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How much the project is expected to cost at completion

Gabe Young — Thu, 17 Jun 2010 04:01:29 +0000

You are halfway through your project and your sponsor would like to know how much the project is expected to cost when it is completed. What earned value metric should you use?

A. CV
B. AC
C. EAC
D. ETC

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Sunk costs

Gabe Young — Sun, 23 May 2010 04:01:52 +0000

Your company is in the process of deciding whether to continue with Project A or terminate it and begin Project B instead. You have already invested 12 months and $100,000 on Project A. It will take another 24 months and $50,000 to complete it. Project B is actually a better solution since the end product will result in a greater long-term savings. However, it will take 18 months and $250,000 to complete. Additionally, all time and money spent on Project A already would be wasted. Which project should the company chose?

A. Project A because the company has already spent 12 months and $100,000
B. Project A because it is still more inexpensive than Project B
C. Project B because time and money spent on Project A is irrelevant to the decision
D. Project B because it can be completed in less time than Project A

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Level resources

Gabe Young — Fri, 21 May 2010 04:01:54 +0000

Resource leveling typically results in a:

A. Project cost overrun
B. Project cost savings
C. Project duration longer than the baseline
D. Project duration shorter than the baseline

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Over-allocated resources

Gabe Young — Thu, 20 May 2010 04:01:31 +0000

While reviewing your weekly report, you notice that two of your resources are over-allocated. One way to solve this is to:

A. Level resources
B. Use PERT
C. Add lag
D. Crash the schedule

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