PMI-SP practice questions, page 13 of 13, with answer review and explanations.
Question 61
Harry works as a project manager for the NHQ project. His project has a budget of $2,208,456 and is scheduled to last for three years. His project is currently forty percent complete though it should be forty-five percent complete. In order to reach this point of the project, he has spent $725,000. Management needs a performance report regarding the NHQ project. Management is concerned that this project will be over budget upon completion. What is the estimate at completion for this project that Harry will need to report to management?
$1,312,504
$787,504
$1,812,498
$725,000
Question 62
You work as a Project Manager for Dreams Unlimited Inc. You are looking for performance efficiencies of a project. The related key values are provided in the table below: Measurements Values - BCWP (or EV) 325 - BCWS (or PV) 300 - ACWP (or AC) 410 - What will be the cost performance index (CPI) of the project at the current point of time?
0.923
1.083
1.261
0.792
Question 63
Tom is the project manager of the HQQ Project. His project has a schedule variance of -$34,500 due to some errors early in the project. Management would like to know how Tom will respond to these variances. What action can help Tom to manage the errors in the project and to ensure that the errors would not occur again?
Lesson learned documentation
Risk analysis
Preventive action
Corrective action
Question 64
You have been assigned to a project that centers on a discipline you are only topically aware of. While you do have years of experience as a project manager, but you have never worked with the technology, as is in this project. During the define activities process, you rely on your project team and two consultants to coach you and identify the type of activities the project will include. Which tool and technique are you using in the define activities process in this scenario?