Cost Management

Question 1

Your schedule projected that you would reach 50% completion today on a road construction project that is paving 32 miles of new highway. Every 4 miles is scheduled to cost $5,000,000. Today, in your status meeting, you announced that you had completed 20 miles of the highway at a cost of $18,000,000. What is your Planned Value?

A. $12,800,000

B. $18,000,000

C. $20,000,000

D. $40,000,000

Question 2

If the CPI is 0.1, this indicates:

A. The project is performing extremely poorly on cost.

B. The project is costing 10% over wht was expected.

C. The project is only costing 90% of what was expected.

D. The project is performing extremely well on cost.

Question 3

Activity cost estimates are used as an input into which process?

A. Estimate Costs

B. Determine Budget

C. Analyze Costs

D. Control Costs