Cost Management Question: Download Cost Management PDF

Earned value analysis is an example of:

A. Performance reporting
B. Planning control
C. Ishikawa diagrams
D. Integrating the project components into a whole

Answer:

A. Performance reporting

Download Cost Management PDF Read All 49 Cost Management Questions

Previous Question

Next Question

Although the stakeholders thought there was enough money in the budget, halfway through the project the cost performance index (CPI) is 0.7. To determine the root cause, several stakeholders audit the project and discover the project cost budget was estimated analogously. Although the activity estimates add up to the project estimate, the stakeholders think something was missing in how the estimate was campleted. Which of the following describes what was missing?

A. Estimated costs should be used to measure CPI
B. SPI should be used, not CPI
C. Bottom-up estimating should have been used
D. Past history was not taken into account

You are about to take over a project from another project manager and find out the following information about the project. Activity Z has an early start (ES) of day 15 and a late start (LS) of day 20. Activity Z is a difficult activity. The cost performance index (CPI) is 1.1. The schedule performance index (SPI) is 0.8. There are 11 stakeholders on the project. Based on this information, which of the following would you be the MOST concerned about?

A. Schedule
B. Float
C. Cost
D. The number of available resources