Question

QUESTION 1 3.8 points Save Ans The cost management plan has all of the following characteristics EXCEPT It may specify variance thresholds for monitoring cost performance to indicate an agreed-upon amount of variation to be allowed before some action needs to be taken. It describes how the project costs will be planned, structured, and controlled. It is based on project cost estimates and is separate from the project management plan. It may specify the level of precision, which is the degree to which activity cost estimates, will be rounded up or down 3.8 points Save A QUESTION 2 The cost performance baseline has all of the following characteristics EXCEPT: It is developed as a summation of the approved budgets for the different schedule activities. It is typically displayed in the form of an S-curve. It is the ap used as a basis for comparison with actual results. pproved version of the time-phased project budget, excluding any management reserves, and is O It shows the actual cost expenditures throughout the project life cyele. QUESTION 3 If cumulative PV 100, cumulative EV-98 and cumulative AC- 104, the project is likely to be: Item PV 10,000 9,000 AC 11,000 8,0007 EV 10,000 7,000 8,000 5,000 2 8,0008,000 7,000 7,000 Which item has the LOWEST SPI? Item 4 Item 2. Item 1. Item 3 QUESTION 4 BAC 200 PV= 100 AC 120 EV-80 Assuming that all future work will be performed at the budgeted rate, the estimate to complete (ETC) is: 120. 200 140 180 QUESTION 5 BAC- 200 PV 100 AC 120 EV 80 Assuming that what the project has experienced to date can be expected to continue in the future, the estimate at completion (EAC) is 325 350 O375 300. QUESTION 6 BAC 200 PV- 100 AC-120 EV 80 Assuming that future work will be performed at an efficiency rate that considers both the cost and schedule performance indices because project schedule is a factor that impacts future effort, the estimate at completion (EAC) is: 345. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Ans QUESTION 7 During the sixth monthly update on a 10-month. $300,000 project, analysis of the earned value management data s S150, measures EXCEPT hows that the cumulative PV is $190.000, the cumulative AC is $120,000, and the cumulative EV is 000. In planning its action, the project management team can conclude all of the following from these Continuing performance at the same efficiency with no management intervention, the project will probably be completed ahead of schedule and over budget. Less has been spent than was planned Less has been accomplished than was planned be completed behind schedule and under budget Continuing performance at the same efficiency with no management intervention, the project will probably QUESTION 8 Earned value (EV) involves all of the following EXCEPT: Value of the work performed expressed in ternms of the budget authorized for that work. @Progress measurement criteria, which should be established for each WBS component to measure work in progress. Budget associated with the authorized work that has been completed. O Actual cost for an activity or work breakdown structure WBS) component QUESTION 9 Earned value management (EVM) is a commonly used: peen installed in the project as of the status date. Method of measuring the amount of money that has been spent on the project to date. Analysis of the sum of the labour costs that have been incurred on the project to date. Method of performance measurement for projects. QUESTION 10 BAC = 200 PV 100 AC 120 EV 80 Assuming that what the project has experienced to date can be expeeted to continue in the future, the variance at completion (VAC) is: +100. 80. e -100 +200 QUESTION 11 If cumulative Pv-100, cumulative EV- 98 and cumulative AC 104, the project is likely to be PV 10,000 9,000 8000 7,000 Item AC 11,000 8,000 8,000 7,000 EV 10,000 7,000 8000 ,000 Which item is MOST over budget? Item 4 Item 3 Item 1 ltem 2 0-137045 I&content id 12132653 1&step-n QUESTION 13 3.8 points Save Answer You have been promoted to the position of project manager for a large project, due to the abrupt transfer of the us project manager. On the first day in your new, exciting position, you find a folder on your desk entitled: Earned Value Management. In that folder, you find only the following chart related to your project with the Data Date of a few days ago: Based on this chart, you conclude that: The performance on this project compared to budget and schedule cannot be determined because this chart does not show any values. The project is below budget but probably behind schedule. The project is below budget and probably ahead of schedule. The project is over budget and probably behind schedule. QUESTION 14 ВАС 200 PV 100 AC 120 EV 80 Assuming that all future work will be performed at the budgeted rate, the estimate at completion (EAC) is: 240. 200. 260. 220. QUESTION 15 Project Cost Management includes all of the folloving processes EXCEPT Determine budget Level resources. Plan cost management Control costs

Answer 1

As per the expert guidelines we have to answer only the first question.

1) The correct answer is option c) It is based on project cost estimates and is separate from the project management plan.

As the cost management process is not separate from the project management plan therefore this option is not the characteristic of project management process.