⟩ Tell me have you ever staged an event that increased profits and interest in a business?
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A schedule performance index (SPI) of 0.76 means A. You are over budget B. You are ahead of schedule C. You are only progressing at 76 percent of the rate originally planned D. You are only progressing at 24 percent of the rate originally planned
A cost performance index (CPI) of 0.89 means A. At this time, we expect the total project to cost 89 percent more than planned B. When the project is completed we will have spent 89 percent more than planned C. The project is only progressing at 89 percent of the rate planned D. The project is only getting 89 cents out of every dollar invested
Who has the cost risk in a fixed price (FP) contract? A. The team B. The buyer C. The seller D. Management
The main focus of life cycle costing is to A. Estimate installation costs B. Estimate the cost of operations and maintenance C. Consider installation costs when planning the project costs D. Consider operations and maintenance costs in making project decisions
Cost performance measurement is BEST done through which of the following? A. Asking for a percent complete from each team member and reporting that in the monthly progress report B. Calculating earned value and using the indexes and other calculations to report past performance and forecast future performance C. Using the 50/50 rule and making sure the life cyde cost is less than the project cost D. Focusing on the amount expended last month and what will be expended the following month
Estimate at completion (EAC) is a periodic evaluation of A. The cost of work completed B. The value of work performed C. The anticipated total cost at project completion D. What it will cost to finish the job
If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV)? A. 350 B. -75 C. 400 D. -50
One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and A. Divide by SPI B. Multiply by SPI C. Multiply by CPI D. Divide by CPI
Analogous estimating A. Uses bottom-up estimating techniques B. Is used most frequently during the executing processes of the project C. Uses top-down estimating techniques D. Uses actual detailed historical cost
All of the following are outputs of the Estimate Costs process EXCEPT A. An understanding of the cost risk in the work that has been estimated B. The prevention of inappropriate changes from being induded in the cost baseline C. An indication of the range of possible costs for the project D. Documentation of any assumptions made during the Estimate Costs process
