These questions are randomly taken from TechFaq360 PMP success kit
Question - 19
You have two possible projects to manage, but you can only choose one. Project MKTG is worth $23,000, while Project SALESPTR is worth $25,000. Management elects to choose Project SALESPTR. Which one of the following is the opportunity cost of this choice?
1.$23,000
2.$27,000
3.$50,000
4.$4000
Correct Answers are : 1
Explanation :
A is the correct answer.
The opportunity cost is the amount of the project that was not chosen.
Question - 38
You are a project manager of a project. Till today you have actually completed $34,000 of work, but based on the cost plan it should be $50,000. What is percentage Schedule Variance (SV) in this case?
1.-32%
2.-16%
3.32%
4.None of the above
Correct Answers are : 4
Explanation :
D is the correct answer.
Schedule Variance (SV): Any difference between the scheduled completion of an activity and the actual completion of that activity.
SV % = (EV - PV) / PV
SV % = ($34,000 - $50,000) / $50,000 = -32%
Question - 43
Your project has a budget of $10,000 and is expect to last for 1 year, with the work and budget spread evenly across all months. Right now CPI is 0.8. What is Variance at Completion in this case?
1.-$2,500
2.$10,000
3.$12,500
4.$12,000
Correct Answers are : 1
Explanation :
A is the correct answer.
Variance at Completion = BAC - EAC
Estimate at Completion (EAC) = BAC / CPI = $10,000 / .8 = $12,500
Variance at Completion = $10,000 - $12,500 = -$2,500
Question - 44
Your project has a budget of $12,000 and is expect to last for 1 year, with the work and budget spread evenly across all months. The project is now in the fourth month, but till now total spending for this project is $5,000. What is Variance at Completion in this case?
1.-$3,000
2.-$5,000
3.$12,000
4.$13,000
Correct Answers are : 1
Explanation :
A is the correct answer.
Earn Value = total cost * percentage of work actually completed = $12,000 * (4/12)= $4,000
Variance at Completion = BAC - EAC
CPI = EV (Earned Value) / AC (Actual Cost) = $4000/$5000 = .8
Estimate at Completion (EAC) = BAC/CPI = $12,000 / .8 = $1500
Variance at Completion = $12,000 - $15,000 = -$3,000
1600+ PMP Questions Fourth(4th) Edition
|
