The Calculated Projection Of Cost Performance

The Calculated Projection Of Cost Performance
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The Calculated Projection Of Cost Performance
Question 187: You are working on a large project and have determined that your
cost variance is $50,000 and your earned value is $125,000. What is your cost performance
index?
A: 2.5
B: 1.5
C: 0.4
D: 1.666
Question 188: Your project control measurements show a CPI of 0.89. What does this
show about your project?
A: That your project is only spending 89% of the money need
to get 100% of the job done.
B: That your project is experiencing a cost overrun for the
work completed.
C: That your project is experiencing a cost underrun for the
work completed.
D: That your project is running behind schedule and over
budget.
Question 189: Your project has a CPI of 1.1 and a SPI of .9. What does this mean?
A: You are experiencing a cost underrun and are ahead of
schedule.
B: You are experiencing a cost overrun and are behind
schedule.
C: You are experiencing a cost underrun and are behind
schedule.
D: You are experiencing a cost overrun and are ahead of
schedule.
The Calculated Projection Of Cost Performance
Question 190: You are forecasting your estimate to complete your project and are
incurring extra costs to do this work. What sort of estimating technique are you using?
A: Earned value management
B: Bottom-up EAC estimating
C: Estimate to complete (ETC) forecast
D: To Complete Performance Index (TCPI)
CHAPTER 1 ■ QUESTIONS
50
Question 191: Your actual costs on your project are $75,000, the budget at
completion is $100,000, and the earned value is $85,000. Your project has experienced
some atypical variances to date which have affected its financial performance but from
this point forward you expect it to perform at the originally budgeted rate. What is your
estimate at completion?
A: $90,000
B: $110,000
C: $100,000
D: $105,000
Question 192: Your budget at completion is $50,000, your earned value is $40,000,
and your actual cost is $45,000. Using an estimate at completion forecast for ETC work
performed at the present CPI, what is your estimate at completion?
A: $47,666
B: $50,000
C: $56,818
D: $53,225
Question 193: The calculated projection of cost performance that must be achieved
on the remaining work to meet a specified management goal such as the BAC or the EAC
is known as what?
A: Earned value
B: Estimate to complete
C: Cost baseline
D: To Complete Performance Index
Question 194: Your actual cost on the project is $10,000, the budget at completion is
$20,000, the earned value is $8,000, the cumulative CPI is 0.8, and the cumulative SPI is
0.9. Using both your CPI and SPI factors, what is your estimate at completion forecast?
A: $18,750
B: $25,000
C: $22,666
D: $26,666
CHAPTER 1 ■ QUESTIONS
51
Question 195: You are approximately halfway through a complex construction
project and are presenting the data from earned value management analysis of the
project to your team. You have a BAC of $50,0000, an EV of $2,800,000, an AC of $260,000,
and a PV of $250,000. The team members are happy with these figures and want to know
the rate at which they have to work to achieve the revised estimate at completion. What is
your answer?
A: 1.0
B: 0.92
C: 1.08
D: 0.5
The Calculated Projection Of Cost Performance
Question 196: As part of the work to check if you are achieving your expected and
approved spend on the project, you are completing a process of controlling project costs.
Which of the following is not an output from this process?
A: Work performance information
B: Variance analysis
C: Cost forecasts
D: Change requests
Question 197: You are managing a project and the original scope baseline of the
project was budgeted at $100,000. Since work on the project started there have been 13
authorized and approved changes to the project. The changes have a value of $12,000
and the cost of investigating them prior to their approval was $1,500. What is the current
budget for the project?
A: $113,500
B: $109,500
C: $112,000
D: $100,000
Question 198: The project you are managing is going well and you are using the
earned value management system to assess historical information and forecast a likely
future financial state of the project. You have a budget at completion of $120,000, an
earned value of $50,000, a planned value of $55,000, and an actual cost of $45,000. What is
your To Complete Performance Index to achieve the budget at completion?
A: 1
B: 1.07
C: 0.93
D: $5,000
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