Cos 3

A project-s approved Budget is $250,000 and planned Budget to date is $150,000, Actual Cost is $130,000. What will be the Cost Performance Index when Schedule Performance Index is 0.8?

Earned Value Technique involves all of the following EXCEPT:

Task A is worth $200, is 100% complete, should have been done on day 1, and actually cost $200. Task B is worth $75, is 90% complete, should have been done on day 2, and actually cost $120 so far. Task C is worth $200, is 75% complete and should have been done on day 3, and has cost $175 so far. The total budget is $1000. What is the planned value as of day 1?

A project manager wants to determine how his Project is doing at the end of sixth month. The actual total expense of the Project is $720,000. The planned Budget for this length of time was $600,000. He finds that:

If cumulative PV = 100, cumulative EV = 98, and cumulative AC = 104, the project is:?

The construction project is on schedule, but over budget. So far, $4M US has been spent on the project. The Sponsor is considering if it should allow the project to continue. What should it consider the $4M US that has been spent so far?

During the sixth monthly update on a ten month, $30,000 project, the analysis shows that the cumulative PV is $20,000, the cumulative AC is $10,000, and the cumulative EV is $15000. In planning its action, management can conclude the following from these figures EXCEPT:

What does a Cost Performance Index (CPI) of more than 1.0 indicate?

If Earned Value = $9,000, Planned Value=$8,000, and Actual Cost=$3,000. What is the project schedule status ?

One of your team members makes a change to the budget with your approval. In what process is he engaged?

In your monthly project report there are different figures on project performance. Senior management asks you for the meaning of the CPI value. If the CPI is 0.1, this indicates:

The electrical crew discovers that an additional circuit is needed to supply the appropriate electricity to the new injection molding machine at the plastic factory. This circuit will be used only on this machine, and only products from the kiwi product line will be made on the machine. What type of cost would this be to the product line??

Task A is worth $400, is 95% complete, and actually cost $395. Task B is worth $350, is 90% complete, and actually cost $330 so far. Task C is worth $275, is 100% complete, and has cost $310 so far. The total budget is $2500. What is the total Earned Value for the tasks used?

Consider the following cumulative measures: BAC = 200 AC = 120 EV=80 CPI = 0.666 Predicting that all future work will be accomplished at the budgeted rate, the estimate at completion (EAC) is:?

You have spent $322,168 on your project to date. The program manager wants to know why costs have been running so high. You explain that the resource cost has been greater than expected and should level out over the next six months. What does the $322,168 represent to the program manager?

The project management team has performed earned value analysis on its project and discovered that the project is behind schedule and over budget. The SPI is 0.91 and the CPI is 0.62. The team is trying to determine how efficient it will need to be with the remaining resources on the project to complete the project on budget. Which of the following is the team trying to calculate?

Lucy is a project manager involved in the Estimate Costs process in the initiation phase of a project. Given the limited detail available to her, what would you expect the range of her estimate to be and what would you call such an estimate?

A project is estimated to cost $50,000 with a timeline of 50 days. After 25 days, the porject manager finds that 50% of the project is complete and Actual costs are $50,000. What is the Cost Performance Index (CPI)?

In order to calculate the Estimate To Complete (ETC), the following is typically needed:?

The estimate at completion (EAC) is is typically based on?