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NEW QUESTION: 1
You work as a project manager for HRM Inc. Your project was baselined at 8 hours, but 11 hours have been spent and the estimate to complete is an additional hour. The project should have been completed already. An hourly rate of $100 per hour is provided, and the project is 91.7% complete. Which of the following is the correct CPI for the project?
A. 0.53
B. 0.86
C. 0.45
D. 0.67
Answer: D
Explanation:
Explanation/Reference:
Explanation:
Answer option D is correct.
The cost performance index (CPI) is used to calculate performance efficiencies. It is used in trend analysis to predict future performance. CPI is the ratio of earned value to actual cost. The CPI is calculated based on the following formula:
CPI = Earned value (EV) / Actual cost (AC)
If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance. The CPI value of 1 indicates that the project is right on target.
Here it is:
EV = Baselined Cost * % Complete Actual
= ($800 * 0.917)
= $734 approximately
AC = Hourly Rate * Total Hours Spent
= ($100 * 11 hours)
= $1100
CPI = Earned Value (EV) / Actual Cost (AC)
= ($734 / $1100)
= 0.67 indicating over budget
Reference: "Project Management Body of Knowledge (PMBOK Guide), Fifth edition" Chapter: Time and Cost Management Objective: Earned Value Analysis and Forecasting Annotate
NEW QUESTION: 2
Which of the following is not a valid paging option on grids? (Choose One)
A. Defer Load
B. First X Results
C. Rows1-Y
D. Progressive Load
Answer: A
NEW QUESTION: 3
Find the number of words which can be formed by using the letters of the word EQUATION if each word
has to start with a vowel.
A. 0
B. 1
C. 2
D. 3
E. 4
Answer: A
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