Question 1

You are working on a major project for your company, where only 50% of the project has been completed, while 80% of the project budget has been spent. When making a decision on whether or not to continue, what are the costs called that have already been spent?

A)  Earned Value
B)  Exception Report
C)  Sunk Costs
D)  Milestone

Question 2

The To Complete Performance Index (TCPI) is the future cost performance of the project. Your project has a budget of $15,000. 50% of the work has been completed, against planned 60%. $9,000 has been spent so far. What is the efficiency that must be maintained in order to complete as planned (TCPI)?

A)  1.89
B)  1.25
C)  0.56
D)  0.78

Question 3

Your project has a budget of $200,000.
60% of the work has been completed against planned 50%. $590,000 has been spent so far. What is the Schedule Performance Index (SPI)?

A)  1.20
B)  0.83
C)  0.63
D)  2.50

Question 4

You are working on a brand new project and need to estimate how much it will cost. You have the cost per unit for all items needed. What is the name of the estimating technique you will use?

A)  Three point estimating
B)  Executive estimating
C)  Data estimating
D)  Parametric estimating

Question 5

Your project has a budget of $500,000. 60% of the work has been completed against planned 70%. $280,000 has been spent so far. What is the Earned Value (EV)?

A)  $500,000
B)  $280,000
C)  $300,000
D)  $350,000