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NEW QUESTION: 1
Which of the following are inputs to the Plan Procurements process?
A. Project management plan, qualified seller list, contract, make-or-buy decisions, teaming agreements
B. Risk register, scope baseline, enterprise environmental factors, organizational process assets, project schedule
C. Risk register, scope baseline, make-or-buy decisions, organizational process assets, project schedule
D. Project management plan, qualified seller list, contract, enterprise environmental factors, teaming agreements
Answer: B

NEW QUESTION: 2

A. Yes
B. No
Answer: B

NEW QUESTION: 3
You are the project manager of a project that has a budget of $875,000 and you have completed 40 percent of the project work. Due to some errors, however, you have actually spent $425,000 of the budget.
Management wants to know what the project's cost performance index is. What value do you report?
A. -$187,500
B. .82
C. -$75,000
D. $350,000
Answer: B
Explanation:
Explanation/Reference:
Explanation:
Cost performance index (CPI) is used to calculate performance efficiencies. It is used in trend analysis to predict future performance. CPI is the ratio of earned value to actual cost. The CPI is calculated based on the following formula: CPI = Earned Value (EV) / Actual Cost (AC) If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance. The CPI value of 1 indicates that the project is right on target. In this instance it's $350,000 divided by $425,000 for a CPI of .82.
Incorrect Answers:
A: -$75,000 is the cost variance for the project.
B: $350,000 is the earned value of the project.
D: -$187,500 is the predicted variance at the completion of the project.

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