Question 1

You are working as a project manager and you need a source of information and knowledge on a product to ensure project success. You recognise this as “Expert Judgement” from the PMBOK Guide. What is the first place you should look for expert judgment?

A)  The vendor’s organization
B)  Hire someone outside your organization
C)  Your own organization
D)  Ask the Government

Question 2

Planned Value is the dollar value of the work you have planned to have completed at a given time in your project. Your project has a budget of $10,000. 40% of the work has been completed against planned 30%, and $14,000 has been spent so far. What is the Planned Value (PV)?

A)  $700
B)  $1,200
C)  $200
D)  $3,000

Question 3

You have been asked to use an estimation technique that uses data from past projects to budget for an activity that is very similar in nature and duration. What is this type of estimating technique?

A)  Corresponding Estimating
B)  Analogous Estimating
C)   Parallel Estimating
D)   Symmetrical Estimating

Question 4

You are working on a project with a budget of $10,000. 30% of the work has been completed against planned 40%. $15,000 has been spent so far. What is the Estimate at Completion (EAC), if the CPI is expected to be the same?

A)  $50,000
B)  $15,000
C)  $150,000
D)  $45,000

Question 5

You are working on a project with a budget of $10,000, where 50% of the work has been completed, against a planned 40%.  $7,000 has been spent so far. What is the Schedule Performance Index (SPI)?

A)  1.25
B)  1.39
C)  2.43
D)  0.74