The deliverables are an output of what process?

The project is estimated to have a $12,500 variance at completion. The project budget is $75,000 and the estimate to complete the remaining work is $15,750. What are the actual costs of the project to-date?

You are three months into a 6-month, $195,000 project. Invoices paid to date are $37,500 and the planned costs at three months were $75,000. What is the schedule variance?

You are three months into a 6-month, $195,000 project. Invoices paid to date are $37,500 and the planned costs at three months were $75,000. What is the cost performance index?

Procurement documents are an output of what process?

You are three months into a 6-month, $195,000 project. Invoices paid to date are $37,500 and the planned costs at three months were $75,000. What is the to-complete performance index?

You have been managing the development project for six months. Upon recent evaluation, you determine that the TCPI is 1.27. Which statement is most accurate?

The $75,000 project is 80% complete and has a cost variance of ($12,000). Which statement is most accurate?

The calculated schedule variance on your project is $8,000. Last month it was $10,000, and the month previous it was $18,000. Which statement is most accurate?

The SPI of your project is .8 and your planned value at this point in your project is $125,000. How much value have you earned in your project?

The ratio of earned value to planned value:

The cost variance on your project is ($18,000) and your earned value is $92,000. What are your actual costs?

The documented start and finish dates of activities, actual costs and durations, percent of work physically completed would all be considered:

The validate scope process could best be described as:

A comparison of the earned value and the planned value:

The value of the work already completed on the project:

The authorized budget assigned to the work that will be accomplished as of the status date:

At six months in, your $785,000 project is 35% complete and the TCPI is .74 and you’ve spent $95,000 to date. What is the earned value of the project?

Which statement is most accurate?

You have completed your activity list and activity attributes. What process have completed:

The project has earned value of $87,750. Costs-to-date have been $110,000, and the budget is $195,000. What percent complete is this project?

Your project has earned value of $300,000 despite invoices totaling $325,000. You’ve calculated your TCPI as 1.14. What is your budget?

Which statement is most accurate:

The scope baseline is an output of what process?

The test plan design must be approved by the project engineer prior to implementation. This represents what type of dependency?

Based on the information contained in this graphic, what is the status of the project?

The project has earned value of $87,750. Costs-to-date have been $110,000, and the budget is $195,000. What is the status of the project?

Which statement about the deliverables is most accurate?

Which statement is most accurate regarding resource leveling and resource smoothing?

Your project has a schedule variance of $2,750 and a cost variance of $7,950. What statement best describes the status of your project?

Based on the information in the graphic, what is the current status of the project?

Based on the graphic, if there’s a 35% probability that Option A will occur, what is the value of Option B?

An efficiency ratio that compares the work remaining on the project to the funds remaining on the project.

The difference between the estimate to complete and the estimate at completion forecasts can best be described as:

The costs associated with assessing the quality of a product is considered:

You are evaluating your $89,000 project. The project is estimated to take six months and you have completed month two. After reviewing invoices, you determine that the paid-to-date amount is $27,000. The budget has been allocated as follows:

Month 1: $4,000
Month 2: $12,000
Month 3: $23,000
Month 4: $25,000
Month 5: $15,000
Month 6: $10,000

Which statement is most accurate?

You are a PMP® and you are having dinner with a friend to celebrate his new job. Over dinner he tells you that the PMP® was a requirement of the job, but that he “fudged” his application knowing that the company didn’t verify the information. How do you handle this?

You have completed all of the project deliverables as defined within the project scope statement. As you are working to close the project and distribute the lessons learned and final project report, your manager assigns you to another project. Which statement is most accurate?

The enhancement project is complete and you are compiling your final performance report. The budget was $72,000 and your actual costs were $68,000. Which statement is most accurate?

The forecasted amount of project spending for the remainder of the project:

The development project was completed in February. In May, you receive notification from one of the vendors that they did not receive the correct payment. What is the most appropriate action for you to take?

Your project team has been in place for seven months. Team members are located in six geographical locations. During team meetings, you find that the members tend to be hesitant to speak up or provide information. In what stage of team development would this team most likely be?

You are evaluating four vendors with the following bids:

Vendor A: $33,000
Vendor B: $37,000
Vendor C: $28,000
Vendor D: $31,000

Based on historical information, there is a 70% chance that vendor A will have a 20% cost overrun. There is a 48% chance that vendor B will have 25% cost overrun. There is a 55% chance that vendor C will have a 40% cost overrun. There is a 30% chance vendor D will have a 25% cost overrun. Which vendor is the best option?

The result is rated on a scale that measures the degree of conformity:

A source of variation that is not inherent in the system and is not predictable.

Varying in complexity, these tools aid organizations in ensuring consistency in frequently performed tasks:

The forecasted estimate at completion is $75,000. You have spent $38,000 to date and have earned value of $46,000. The variance at completion is $9,000. What is the budget at completion?

Which statement is most accurate regarding the control quality process?

The difference between a quality metric and a quality measurement can best be described as:

You are calculating the CPI for your project and have the following results:

Month 1: 1.10
Month 2: 0.98
Month 3: 0.99
Month 4: 1.09
Month 5: 1.12
Month 6: 1.03
Month 7: 0.97

This could best be described as:

As your project begins producing the XJ9000 component, your QC team is inspecting them to ensure that they each power-on. This is an example of:

Which statement is most accurate regarding tolerances and control limits?

The three key outputs from the control quality process include the following except:

Your project has a CPI of .98 and a schedule variance of ($12,000). Which statement is most accurate?

Which of the following is not one of the quality tools?

Which statement most accurately describes a verified deliverable?

With your project team, you have identified the need for a workaround. What process are you doing?

The schedule variance of your project is ($27,000), your actual costs are $82,000, the budgeted value of the work is $92,000, and the budget at completion is $125,000. What is the earned value of the project?

An opportunity is also known as a:

The estimate at completion for your project is $179,000 and the estimate to complete the project is $88,500. Which statement is most accurate?

An easy and objective method for evaluating proposals is a:

Which of the following allows potential sellers to ask questions about the project and its requirements?

Why is it important for the project manager to be aware of the contract terms and conditions being used for the project procurements?

You are evaluating the performance of your project, including looking at the status of project risks, the current forecasts, and the status of project activities. The information you are evaluating is an output of:

The CPFF contract states that the sub-contractor will be paid for costs associated with digging the trenches, estimated at approximately $15,000. In addition, they will receive an additional payment of $7,500 (50% of the estimated costs). What would the contract value be if the final costs associated with the job were $20,000?

The simplest form of this contract type is a purchase order:

Which contract type places increased risk on the seller?

In an effort to minimize risk on the project, your sponsor has instructed you to use a fixed price contract with any vendors whenever possible. In a fixed price (FP) contract, the fee or profit is:

The contract states that the delivery company will be paid $800 per month regardless of the number of deliveries. If the price of gas increases by more than 20%, the amount will increase to $900 or if the price of gas decreases by more than 20%, the amount will decrease to $700 per month. What type of contract is being used?

Which contract type places increased risk on the buyer?

Which statement is least accurate regarding procurement documents?

This process determines which contract types should be used on the project to procure needed products or services:

During the development phase of your project, you will be using a vendor for a key component of the product manufacturing. However, prior to development, your team will need to conduct a rigorous analysis to determine the manufacturing needs and requirements. If you needed to enter into a contractual relationship with the vendor prior to completion of the analysis, what contract type would most likely be used?

The contract states that the company will pay the staffing agency $50 per hour for the contract resource, with a not-to-exceed value of $10,000. What type of contract is being used?

Your team has been managing the new development project for the past six months. The project is slightly under budget but unfortunately, due to a number of unforeseen issues, the project is running 30% behind schedule. The best action to take would be: