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 Cost Performance Index (CPI) of 0.89 means :

You are in the project manager of a construction project that will take six months to complete and will cost $75,000 / month. At the end of third month, you are asked to find out the cumulative SPI for the project. While reviewing, you found that you have spent $80,000 in the first month, $72,000 in the second month, and $75,000 in the third month. And also found that project was 15% complete at the end of 1st month, 35 % complete at the end of 2nd month, 45 % complete at the end of 3rd month. If you planned to complete 50% of the work by this time, what is the cumulative SPI at the end of month three ?

One common way to compute estimate at completion (EAC) is to take the budget at completion (BAC) and :

If earned value (EV) = 350, actual cost (AC) = 400, planned value (PV) = 325, what is cost variance (CV) ?

At your project, EV = $130,500 ; PV = $125,000 ; and AC = $129,000. Which one the following statement is true ?

Your recently took over a project another project manager who left the organization. You find out that the 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 ?

You asked one of your team member about the schedule variance (SV) for one of the key deliverables. He mentioned that he is behind the schedule but there would not be a cost variance. Which of the following is NOT true in this case ?

Which one of the following is FALSE about TCPI ?

A project manager involved in the Estimate Costs process in the early phase when a limited amount of detail was available. The range was $75,000 to $200,000, and actual cost come to be around $150,000. What would you call such an estimate ?