Project Cost Management

A CPI value of 1.20 and an SPI value of 1.30 for a project mean which of the following ?
A. The project is making faster progress and costing less than planned
B. The project is making slower progress and costing more than planned
C. The project is making slower progress and costing less than planned
D. The project is making faster progress and costing more than planned
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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 time is completed, we will have spent 89 percent more than planned.
C. The project is progressing at 89 percent of the rate planned.
D. The project is getting 89 cents out of every dollar invested.
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One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and :
A. Multiply by CPI
B. Divide by SPI
C. Multiply by SPI
D. Divide by CPI
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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
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At your project, EV = $130,500 ; PV = $125,000 ; and AC = $129,000. Which one the following statement is true ?
A. The project is behind schedule and over budget
B. The project is ahead of schedule and sligthly under budget
C. The project is behind schedule and under budget
D. The project is ahead of schedule and over budget
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A project has a BAC = $45,000; PV = $30,000; AC cumulative = $25,000 ; cumulative EV = $24,000. You decided to perform a forecasting analysis and calculated the values for EAC, ETC, and VAC. Which of the following is NOT true ?
A. You will need $21,875 more to complete this project
B. The project will cost $46,875
C. The project will be over budget by $1,875
D. The project will be under budget by $1,875
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Output of Develop Budget
A. Cost Baseline
B. Cost Estimate
C.Funding Strategy
D. Revenue and Cost Forecast
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Which one of the following is FALSE about TCPI ?
A. TCPI calculates the performance that must be achieved in order to meet financial or schedule goals.
B. The greater TCPI easier to complete
C. Part of Monitor & Control Finances
D. The greater TCPI hard to complete
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The rough estimate range was $75,000 to $200,000, and definitive estimate come to be around $150,000 plus 10% additional cost to account for contingency matters. The additional 10% is considered part of
A. Rough Order of Magnitude (ROM) estimate
B. A Relative estimate
C. Reserve Analysis
D. A budget estimate
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If CPI is 90%
A. We are on budget
B. We are getting 90% of every 1 dollar spent
C. We are under budget
D. We ony have 10% remaining budget
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