PMP Quiz 13 May 2016 If you want to calculate the ETC based on your expectations that similar variances to those noted to date will not occur, you should use which of the following formulas? Answer

PMP Quiz 12 May 2016 You have a number of costs to track and manage because your project is technically very complex. They include direct costs and indirect (overhead) costs. You have found that managing overhead costs is particularly difficult because they— Answer

PMP Quiz 11 May 2016 On your project, you need to assign costs to the time period in which they are incurred. To do this, you should— Answer

PMP Quiz 10 May 2016 As of the fourth month on the Acme project, cumulative planned expenditures were $100,000. Actual expenditures totaled $120,000. How is the Acme project doing? Answer

PMP Quiz 9 May 2016 When you review cost performance data on your project, different responses will be required depending on the degree of variance or control thresholds from the baseline. For example, a variance of 10 percent might not require immediate action, whereas a variance of 100 percentwill require investigation. A description of how you plan to manage cost variances should be included in the— Answer

PMP Quiz 6 May 2016 If operations on a work package were estimated to cost $1,500 and finish today but, instead, have cost $1,350 and are only two-thirds complete, the cost variance is— Answer

PMP Quiz 5 May 2016 Management has grown weary of the many surprises, mostly negative, that occur on your projects. In an effort to provide stakeholders with an effective performance metric, you will use the to-complete performance index (TCPI). Its purpose is to— Answer

PMP Quiz 4 May 2016 You are responsible for preparing a cost estimate for a large World Bank project. You decide to prepare a bottom-up estimate because your estimate needs to be as accurate as possible. Your first step is to— Answer

PMP Quiz 3 May 2016 If the cost variance is the same as the schedule variance and both numbers are greater than zero, then— Answer

PMP Quiz 2 May 2016 You must consider direct costs, indirect costs, overhead costs, and general and administrative costs during cost estimating. Which of the following is NOT an example of a direct cost? Answer