Question: A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule,

A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because original estimates were not accurate. Who has PRIMARY responsibility to solve the problem? O Project Manager. Senior Management. Project Sponsor. O Manager of the Project Management Office. If earned value (EV) = 350, actual cost (AC) = 400, and planned value (PV) = 325, what is the cost variance (CV)? 350 -50 -25 400 If earned value (EV) = 350, actual cost (AC) = 400, and planned value (PV) = 325, what is the cost performance index (CPI)? .875 1.14 .80 1.10 A rough order of magnitude estimate is made during which project management process group? Monitoring and Controlling. Closing. Executing. Initiation

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