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Download DemoVendor: PMI
Certifications: PMI Certification
Exam Code: PMI-SP
Exam Name: PMI Scheduling Professional
Updated: Nov 26, 2024
Q&As: 323
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Management is concerned about your project. They want to know how the project is performing specifically the schedule performance index. What formula do you use to find the schedule performance index?
A. PV/EV
B. EV-AC
C. EV-PV
D. EV/PV
Correct Answer: D
The schedule performance index is earned value divided by planned value. The close the result is to 1, the better the project is performing.
Answer option B is incorrect. This is the cost variance formula. Answer option C is incorrect. This is the formula to find schedule variance. Answer option A is incorrect. This is not a valid formula.
Mary is the project manager for her organization. She is working with the project team to define the project activities. She is concerned about some of the dependencies of the project work, which may affect the project schedule. Which one of the following is the best example of a project constraint that will likely affect the project's ability to finish by a given deadline?
A. The project must use internal team members to complete the project work.
B. The project must adhere to several regulations.
C. The project must use the BGH company to deliver the software portion of the project.
D. The project must not exceed $1,250,000.
Correct Answer: C
Of all the constraints listed only this is an external dependency, which can directly affect the project manager's control over the project work. If the BGH company is late delivering the software portion of the project, it will likely have an effect on the project's ability to complete the project on time. Answer option B is incorrect. While regulations may affect the project timing, this is not the best choice. Answer option D is incorrect. The $1,250,000 is an example of cost constraint. Answer option A is incorrect. This is only constraint if the project team members are not available, or do not have the required skills to complete the project work.
You are the project manager of the QAQ Project. The QAQ Project has a BAC of $2,786,121. You are currently 20 percent complete with this project, though you should be 25 percent complete with the project work. The project has consumed $595,000 of the project budget to date. Management has asked you, based on the current project performance, what the project's estimate to complete will be considering the current project schedule variance. What is the ETC for this project?
A. $2,975,000
B. 1.02
C. $139,306
D. $2,380,000
Correct Answer: D
The estimate to complete wants to know how much more money the project will need to complete its objectives. The estimate to complete (ETC) is the expected cost needed to complete all the remaining work for a scheduled activity, a group
of activities, or the project. ETC helps project managers predict what the final cost of the project will be upon completion. The formula for the ETC is EAC- AC. The EAC is BAC/ CPI.
Answer option A is incorrect. This is the estimate at completion based on the current project performance. Answer option C is incorrect. This is the current schedule variance. Answer option B is incorrect. 1.02 is the to-complete performance
index based on the BAC.
Miltenberger
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