QUESTION: 149

You are the project manager of the OOI Project and you're forty percent complete with this project. The project has a BAC of $2,345,650 and you have spent $950,000 to date. Based on your aggressive scheduling you should be at the 45 percent milestone today, but due to some early delays you're running late.
What is the planned value of your project?

$950,000
$2,375,000
$1,055,543
$938,260

Answer(s): C

Explanation:

The planned value is forty-five percent of the project's BAC, or $1,055,543. Planned value (PV) is the authorized budget assigned to the schedule work to be accomplished for a schedule activity or work breakdown structure component. It serves as a baseline against which actual performance is measured. The theory of planned value is of vital importance to the project management team and it is important to keep careful track of this. The term planned value can also be in some situations referred to by the project management team and the project management team leader as the budgeted cost of work scheduled (BCWS).
Answer option D is incorrect. $938,260 is the project's earned value.
Answer option A is incorrect. $950,000 is the project's actual costs.

Answer option B is incorrect. $2,375,000 is the project's estimate at completion.

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QUESTION: 150

You are the project manager of the GHY Project. This project is scheduled to last for one year and has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are supposed to be at your second milestone, which accounts for half of the project completion. There have been some errors in the project, which has caused you to spend $2,073,654. Based on the budget at completion, what is this project's to-complete performance index?

-$108,120
0.98
$2,500.000
1.02

Answer(s): D

Explanation:

The to-complete performance index shows the likelihood of reaching the project objectives based on the current performance. The formula is (BAC-EV)/(BAC-AC) for a result of 1.02. The higher the value over 1 the less likely the project is to reach its objectives based on the current performance.To-complete Performance Index (TCPI) is the measured projection of the anticipated performance required to achieve either the BAC or the
EAC. TCPI indicates the future required cost efficiency needed to achieve a target EAC (Estimate At Complete).Once approved, the EAC
supersedes the BAC as the cost performance goal. Any significant difference between TCPI and the CPI needed to meet the EAC should be
accounted for by management in their forecast of the final cost.
The formula for TCPI is as follows:
TCPI = {(BAC-EV)/(BAC-AC)}

Answer option B is incorrect. This is the cost performance index for this project.
Answer option A is incorrect. This is the expected variance at completion.
Answer option C is incorrect. This is not a valid answer for this question.

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QUESTION: 151

You are working with your project team to control the project schedule. You will need five inputs to this process throughout your project.
Which one of the following is an output of the project schedule control, and NOT an input?

Work performance information
Project schedule
Project management plan
Work performance measurements

Answer(s): D

Explanation:

Work performance measurements are created from the work performance information. WPMs are an output of Control schedule, Control cost, and Control scope processes, which are monitoring and controlling processes. WPMs consist of planned versus actual performance indicators with respect to scope, schedule, and cost. They are documented and communicated to the stakeholders and are used to make project activity
metrics, such as the following:
Planned vs. Actual Technical performance and Scope performance Planned vs. Actual Schedule performance
Planned vs. Actual Cost performance

Answer option A is incorrect. Work performance information is an input to the control schedule process and includes information on project

progress and activity start and finish information.

Answer option C is incorrect. The project management plan is an input to the control schedule process.

Answer option B is incorrect. The project schedule is an input to the control schedule process.

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QUESTION: 152

You work as the project manager for BlueWell Inc. You are recording the activity status for your project team's performance in the project. Based on the current performance your project is likely to be three months late.
What type of communication should be generated based on this performance issue?

Issue report
Exceptions report
Variance analysis
Performance report

Answer(s): D

Explanation:

A performance report is needed to communicate the variance between planned work and actual work.
A performance report is made by the project team detailing activities, milestones, problems, accomplishments, and identified issues.
Performance reports are used to report some key information as follows:
Current status
Scheduled activities
Significant accomplishment for the period
Forecasts
Issues

Answer option A is incorrect. An issue report is not the best answer for this scenario. Issues are recorded in the issue log and an issue owner
is assigned.

Answer option B is incorrect. An exceptions report is a tempting answer as this is an exception to the project. PMI does not use this

terminology.

Answer option C is incorrect. Variance analysis is the activity of reviewing the variance to determine why it exists.

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QUESTION: 149

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