Which of the following equations is used to calculate cost variance?
A. EV-AC
B. AC-EV
C. AC+EV
D. AC/EV
What is the schedule performance index (SPI) using the following data?
BAC = $100,000 PV = $50,000 AC = $80,000 EV = $40,000
A. 1.00
B. 0.40
C. 0.50
D. 0.80
The project manager calculated a schedule performance index of 0.8 and a cost performance index of 1.1 for the project. What is the actual status of this project?
A. Behind schedule and over budget
B. Behind schedule and under budget
C. Ahead of schedule and under budget
D. Ahead of schedule and over budget
EAC (estimate at complete) is typically based on actual cost (AC) for work completed plus an ETC (estimate to complete) the remaining work. Which of the following is a valid formula for calculating EAC?
A. EAC = AC + [(BAC-EV) / (Cumulative CPI * Cumulative SPI)]
B. EAC = BAC - AC
C. EAC = 1 - CPI
D. EAC = EV + [1 - (Cumulative CPI * Cumulative SPI) / BAC]
Using the following data, what is the Schedule Performance Index (SPI)?
EV = $500 PV= $750 AC= $1000 BAC= $1200
A. 0.67
B. 1.50
C. 0.75
D. 0.50
Which enterprise environmental factors are considered during cost estimating?
A. Marketplace conditions and commercial databases
B. Marketplace conditions and company structure
C. Commercial databases and company structure
D. Existing human resources and market place conditions
Which process involves aggregating the estimated costs of the individual schedule activities or work packages?
A. Cost baseline
B. Cost forecasting
C. Cost variance
D. Cost budgeting
What cost control technique is used to compare actual project performance to planned or expected performance?
A. Cost aggregation
B. Trend analysis
C. Forecasting
D. Variance analysis
Which schedule development tool and technique produces a theoretical early start date and late start date?
A. Critical path method
B. Variance analysis
C. Schedule compression
D. Schedule comparison bar charts
What is the minimum a project schedule must include?
A. Variance analysis
B. A planned start date and a planned finish date for each schedule activity
C. A critical path diagram
D. Critical chain analysis
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