Exam (elaborations)

PMP Practice Test: Project COST Mgmt Questions With 100% Correct Answers

0 purchase

Course
ATI RN Mental Health

Institution
ATI RN Mental Health

PV = $2,200 EV = $2,000 AC = $2,500 BAC = $10,000 1. According to earned value analysis, the SV and status of the project described above is— a. -$300; the project is ahead of schedule b. +$8,000; the project is on schedule c. +$200; the project is ahead of schedule d. -$200; the projec...

[Show more]

Preview 2 out of 13 pages

View example

Uploaded on February 26, 2025
Number of pages 13
Written in 2024/2025
Type Exam (elaborations)
Contains Questions & answers

pmp practice test project cost mgmt questions wit

Institution ATI RN Mental Health
Course ATI RN Mental Health

DocLaura Member since 1 year 87 documents sold

$12.49

Add to cart

Save

100% satisfaction guarantee
Immediately available after payment
Both online and in PDF
No strings attached

PMP Practice Test: Project COST Mgmt
Questions With 100% Correct Answers

A
R
U
LA
C
O
D

, PV = $2,200
EV = $2,000
AC = $2,500
BAC = $10,000

A
1. According to earned value analysis, the SV and status of the project described above is—
a. -$300; the project is ahead of schedule

R
b. +$8,000; the project is on schedule
c. +$200; the project is ahead of schedule
d. -$200; the project is behind schedule - ANS d. -$200; the project is behind schedule

U
SV is calculated as EV - PV (in this case, $2,000 - $2,200). A negative variance means that the
work completed is less than what was planned for at that point in the project.
LA
PV = $2,200
EV = $2,000
AC = $2,500
BAC = $10,000

2. What is the CPI for this project, and what does it tell us about cost performance thus far?
C

a. 0.20; actual costs are exactly as planned
b. 0.80; actual costs have exceeded planned costs
c. 0.80; actual costs are less than planned costs
d. 1.25; actual costs have exceeded planned costs - ANS b. 0.80; actual costs have
O

exceeded planned costs

CPI is calculated as EV/AC (in this case, $2,000/$2,500).
D

PV = $2,200
EV = $2,000
AC = $2,500
BAC = $10,000

3. The CV for this project is—
a. 300
b. -$300
c. 500

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller DocLaura. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

70113 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Seller

Exam (elaborations) ·

Case ·

Summary ·

Exam (elaborations)

PMP Practice Test: Project COST Mgmt Questions With 100% Correct Answers

Document information

Subjects

Written for