SAINT PRM520 MIDTERM EXAM 2016

Jun 7th, 2016
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Question Question 1.1.Which is a key benefit of the Control Cost process? (Points : 9) Provides the means to recognize variance from the plan in order to take corrective action Approves changes to the budget Assures the project will not overrun the budget Makes changes to the Project Management Plan Question 2.2.Actual cost is: (Points : 9) the authorized budget assigned to scheduled work. the realized cost for the work performed. the activity amount before any reserves are included. a measure of the work performed expressed in terms of the budget authorized for that work. Question 3.3.There is (are) _________ way(s) to calculate the EAC. (Points : 9) four two three one Question 4.4.What should be used if EVM is not being used? (Points : 9) Actual costs Planned costs Budgeted costs Analysis of the cost baseline against actual costs for the work performed Question 5.5.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425, what is cost performance index (CPI)? (P

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Saint prm520 midterm exam 2016QuestionQuestion 1.1.Which is a key benefit of the Control Cost process? (Points : 9)Provides the means to recognize variance from the plan in order to take corrective actionApproves changes to the budgetAssures the project will not overrun the budgetMakes changes to the Project Management PlanQuestion 2.2.Actual cost is: (Points : 9)the authorized budget assigned to scheduled work.the realized cost for the work performed.the activity amount before any reserves are included.a measure of the work performed expressed in terms of the budget authorized for that work.Question 3.3.There is (are) _________ way(s) to calculate the EAC. (Points : 9)fourtwothreeoneQuestion 4.4.What should be used if EVM is not being used? (Points : 9)Actual costsPlanned costsBudgeted costsAnalysis of the cost baseline against actual costs for the work performedQuestion 5.5.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425,what is cost performance index (CPI)? (Points : 9)1.110.850.91.18Question 6.6.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425,what is schedule performance index (SPI)?

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