PMB 430 MIDTERM EXAM
1. If the schedule variance is positive and the cost variance is negative, the project’s status is:
A. Over budget and behind schedule
B. Over budget and ahead of schedule
C. Under budget and behind schedule
D. Under budget and ahead of schedule
ANSWER D
2. During project execution, monitoring refers to the act of comparing actual performance with planned performance and taking corrective action when needed.
A. True
B. False
ANSWER B
3. Which of the following terms is used to determine the trend on cost?
A. CV
B. EAC
C. CPI
D. AC
ANSWER C
4. If PV = $100, EV = $200 and AC = $300, the status is:
A. Over budget and behind schedule
B. Over budget and ahead of schedule
C. Under budget and behind schedule
D. Under budget and ahead of schedule
ANSWER B
5. If SPI = 1.05 and CPI = 0.96, the project’s trend is:
A. Over budget and behind schedule
B. Over budget and ahead of schedule
C. Under budget and behind schedule
D. Under budget and ahead of schedule
ANSWER B
6. The Budget at Completion (BAC) is the sum of all budgeted values established for the work to be performed on a project. As such it is equivalent to:
a. the total planned value of the project.
b. the total earned value of the project.
c. the total actual cost of the project.
d. the total value of the work completed to date
ANSWER A
7. Earned Value (EV) is the authorized budget assigned to the scheduled work to be accomplished.
A. True
B. False
ANSWER B
8. The difference between the cost baseline and the contracted cost is the:
A. Cost at completion
B. Management reserve
C. Profit
D. Cost of scope changes
ANSWER B
9. The best source of revenue for a customer-requested scope change is:
A. A customer-funded contract amendment
B. Management reserve
C. Undistributed budget
D. Profits
ANSWER A
10. The form...