6.

Process (Cost)

Points: 14/20

Correct 1/1 Points

1. You just completed the first phase of a multi-phase project. You have calculated earned value
measurements and found that the current CPI is 0.79 and the current SPI is 1.08. Your next phase
plan should focus first on which element of the project:  *

A- Scope

B- Quality

C- Cost 

D- Schedule  
 Correct 1/1 Points

2. You are managing a few projects and the sponsor asks you to submit CPI and TCPI numbers for
them. You provided CPI=1 for project A, CPI=1.2 for project B, TCPI=0.9 for project C and
TCPI=1.2 for project D. Which project do you think the sponsor might terminate based on this
data?  *

A- Project D 
B- Project A

C- Project C

D- Project B

Incorrect 0/1 Points

3. During the team review, the project manager learns that the schedule performance index (SPI) is
0.8 and the cost performance index (CPI) is 0.7. The project manager asks the team members to
work overtime. How will this affect the (CPI)?     *

A- It will increase 

B- It will decrease  
C- It will return to 1.0

D- It will remain the same 

 Correct 1/1 Points

4. Using the following values, calculate the Management reserve: Project Budget =100,000 ,
EAC=120,000, AC=5,500, BAC=70,000 *

A- 40,000

B- 30,000 
C- 70,000

D- 100,000

Correct 1/1 Points

5. As part of earned value management (EVM), The budget at completion (BAC) for the project is
10,000 $ and the estimate at completion (EAC) is 120,000 $. If the schedule performance index
(SPI) is equal to 1.0. What is the cost performance index (CPI)?  *

A- Greater than 1.0

B- Equal to 1.2

C- Equal to 1.0

D- Less than 1.0 

 Correct 1/1 Points

6. You are a project manager whos is in charge of an important project for your company. When the
SPI=0.95 and CPI=1.05. How is the project performing?  *

A- The project is behind schedule and over budget 

B- The project is on schedule and under budget

C- The project is ahead of schedule and under budget  

D- the project is behind schedule and within budget  

Incorrect 0/1 Points

7. Your project is in the planning phase. The project team commences estimating the cost by using
a work breakdown structure. What is the tool the project team use?  *

A- Analogous estimating 

B- Bottom-up estimating  
C- Parametric estimating 

D- Three-point estimating 
 Incorrect 0/1 Points

8. You are a project manager for an infrastructure project. Your project team members report
monthly on their assigned activities. What should you do to maintain a healthy cash flow?  *

A- Performance a qualitative analysis 

B- Provide project reports 

C- Apply earned value (EV) principles  

D- Team building Activities 

Correct 1/1 Points

9. Jack is the project manager of a project that is halfway through its execution. The project sponsor
wants to add a new features that wasn't defined during the initial requirements gathering phase.
15,000 USD will be required to add this features. Based on the following data, (the estimated
direct cost for a project is 200,000 USD, the estimated of rework is 15,000 USD, and management
reserve is 20,000 USD), what should Jack do?     *

A- Seek approval from management to increase the project budget by 15,000 USD 

B- The project manager should use 15,000 USD for rework 

C- The project manager should use 15,000 USD of management reserve 

D- Issue a change request to increase the cost budget by 15,000 USD  

 Correct 1/1 Points

10. You have submitted the cost baseline to the sponsor. After a review, the sponsor tells you that
the amount you have estimated for a certain month is more than the funds the sponsor can
disburse you for that month. What do you think the sponsor will advice you next?    *

A- To reschedule the work of that month  

B- To motivate the project team do the work of that month without being fully paid for it 

C- To remove some of the work scope for that month

D- To reduce the cost estimates of the activities for that month 

Incorrect 0/1 Points

11. Mark has been managing an engineering design project for a contracting firm. He uses Three-
point Estimates to calculate costs for each activity. What should he do next if he is planning on
developing a budget for the whole project?   *

A- Perform Quality Assurance 

B- Perform earned Value Management 

C- Develop the Cost Baseline 

D- Perform Qualitative risk Analysis 
 Correct 1/1 Points

12. A project status report shows that: The earned value (EV) is 30 The schedule performance index
(SPI) is 0.93. The cost performance index (CPI) is 1.05. In what area should the project manager
implement corrective action?    *

A- Project cost

B- Project Schedule  

C- Communication management 

D- Resource management 

Correct 1/1 Points

13. You are managing a project which has BAC US$120,000 and supposed to finish in 6 months. After
four months, the project manager confirmed that the project is 55% complete. To date US$
90,000 has been spent. what is the EV, SV, and CV?  *

A- EV=US$60,000, SV=-US$14,000, CV=-US$24,000

B- EV=US$66,000, SV=-US$14,000, CV=-US$24,000 

C- EV=US$60,000, SV=US$24,000, CV=US$14,000

D- EV=US$66,000, SV=-US$24,000, CV=-US$14,000

 Correct 1/1 Points

14. The project near to complete and a previously unidentified risk is discovered. Which funds will
the project manager use to cover this risk?   *

A- Proejct Funding baseline

B- Cost Baseline

C- Contingency reserves 

D- Management Reserves  

Correct 1/1 Points

15. As part of earned value management (EVM), the budget at completion (BAC) for the project is
$10,000, the estimate at completion (EAC) is $12,000, and SPI=1.05. How is the project
performing?   *

A. The project is behind schedule and under budget 

B. The project is ahead schedule and over budget  

C. The project is behind schedule and over budget 

D. The project is ahead of schedule and under budget 

 Correct 1/1 Points

16. The project manager is currently estimating the costs for the project and needs to be as accurate
and detailed as possible. what tool or technique is best for the project manager to use in this
situation?   *

A. Analogous estimating 

B. Parametric estimating 

C. Estimate Activity duration 

D. Bottom-up estimating  

Correct 1/1 Points

17. You are managing a project with a budget of $20,000. You have spent $17,000 so far, and the
project is 75% complete. You have performed a variance analysis and determined that the
estimate at completion (EAC) will be $22,667. What is the efficiency that must be maintained in
order to complete the project with the current EAC?    *

A. 1.353

B. 0.882 
C. 1.556

D. 1.133
 Incorrect 0/1 Points

18. Large construction project for logistics company will require the expenditure of a large amount of
capital. The finance group works with the project manager to project set limits when expenses
will be incurred in a given project and to determine whether there are ways to smooth out or
level the spending to avoid a single large expenditure in one quarter and none in the next. This is
an example of:    *

A. Crashing

B. Funding limit Reconciliation  

C. Resource leveling

D. Rescheduling 
 Correct 1/1 Points

19. You are managing a construction project. The project is 30 present complete after two months
and has cost $53,000. The budget for the project is $90,000 and is scheduled to last six months.
How is the project performing?  *

A. The project is ahead of schedule and under budget  

B. The project is behind schedule and over budget  

C. The project is ahead of schedule and over budget 

D. The project is behind schedule and under budget 

Incorrect 0/1 Points

20. If an agile team planned to complete 30 story points in an iteration but worked at only 83% of
the rate planned. What is the project's SPI?  *

A. SPI cannot be determined form the given information 

B. 25 story points 

C. 36 story points 

D. 0.83 

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