A schedule performance index value greater than $1$ implies

A$.$ Project is behind schedule

B$.$ Project is ahead of schedule

C$.$ Project is executing according to the base line plan

D$.$ The earned value is less than the planned value

The earned value calculations this month indicate that the projec tis behind schedule and above budget. What is the potential course of action?

A$.$ Increase resources

B$.$ Descope the project

C$.$ Reduce resources

D$.$ Rebaseline for early completion and release budget

Two indicators of efficiency that reflect cost and schedule performance of a project are?

A$.$ cost performance index and schedule performance index

B$.$ Cost projection index and schedule projection index

C$.$ Actual cost and planned value

D$.$ earned values and actual cost

The measure of the work performed, expressed in terms of the budget authorized for that work.

A$.$ Actual time

B$.$ Estimate to complete

C$.$ Earned value

D$.$ Cost performance index

In the creation of the communications management plan, your team defined a requirement that monthly updates be provided to key stakeholders that detail the expected cost to finish all of the remaining project work. Which of the following variables should the team calculate in order to meet the reporting requirements established?

A$.$ estimate to completion

B$.$ Variance at completion

C$.$ estimate at completion

D$.$ cost variance

You are preparing to present your project's status during the monthly project review meeting. As of today, your project has an earned value of $$227000,$ a planned value of $$243000,$ and an actual cost of $$238000.$ How will you explain the project's current schedule performance?

A$.$ Project is ahead of schedule

B$.$ Schedule performance is within an acceptable range

C$.$ Project is on schedule

D$.$ Project is behind Schedule

You are creating a project plan and you are determining the methods for accounting for the project work. Which method would you use to account for quality assurance checks for each production lot?

A$.$ Percentage complete

B$.$ Apportioned effort

C$.$ Fixed Formula

D$.$ Level of effort

E$.$ Weighted milestone

Cost Variance less than zero indicates.

A$.$ Actual Cost is less than Earned Value

B$.$ Cost is on the budgeted baseline plan

C$.$ Project is performing under budget

D$.$ Project is running over budget

Cost Variance less than zero indicates

A$.$Project is performing under budget

B$.$Cost performance is on the baseline plan

C$.$Actual Cost is less than Earned Value

D$.$Project is running over budget

Multiple choice:

The project cost account manager handed you a piece of paper with the current months SPI and CPI values. The SPI is greater than one and the CPI is less than one. Select all the potential actions that can be taken to improve the project efficiency.

Rebaseline for early completion

Control work out of sequence

Reduce resources

Increase resources