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PMBOK® GUIDE – CHAPTER 7 Flashcards | StudBud
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PMBOK® GUIDE – CHAPTER 7
PMBOK® GUIDE – CHAPTER 7
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PMBOK® GUIDE – CHAPTER 7
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
In EVM, __ measures schedule efficiency. It is the ratio of earned value to planned value.
SPI
CV
CPI
SV
2
EV is $225k, AC is $215k, and PV is $300k. What is the schedule variance (SV)?
-$75,000
$50,000
$-85,000
-$50,000
3
“Determine Budget” is performed in which process group?
Monitoring & Controlling
Executing
Planning
Initiating
4
In
Earned Value Management
, _____ is money spent to complete the work that EV has measured.
Earned Value
Actual Cost
Forecasted Cost
Planned Value
5
Taking the averages of optimistic, pessimistic, and most likely estimates is referred to as:
Bottom-Up Estimating
Three-Point Estimating
Analogous Estimating
Parametric Estimating
6
The “Estimate Costs” process involves:
Documenting how to manage and control costs
Aggregating the costs of individual activities
Monitoring project costs and managing changes
Approximating finances needed to complete project activities
7
All of the following are outputs of the “Control Costs” process except:
Cost Forecasts
Work Performance Data
Change Requests
Work Performance Information
8
Which line has the mistake?
2
No Mistake
3
1
9
The schedule performance index (SPI) on a project is 1.15. Given this measurement, which of the following is true?
Project costs are higher than expected.
Schedule efficiency is aligned with our expectation.
Project work is behind schedule.
Schedule efficiency is better than expected.
10
“Cost Aggregation” is a technique used in which of the following processes?
Control Costs
Determine Budget
Estimate Costs
Plan Cost Management
