PMP Class 2 Exam Questions and Answers

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What is the cost of a work package if the resource costs are $25/hour and material costs are $250? This would should take about 75 hours. Correct Answer-$2,125 Which of the following statements rega ... rding control accounts is true? Correct Answer-A control account is established where the lowest OBS element intersects the lowest WBS element. You are estimating the costs for a work effort and have received the following information: best case is $150, and worst case, it could cost as much as $225. However, the most likely cost estimate is $195. What is the budget estimate for this work using a triangular distribution formula? Correct Answer- $190.00 How are S-curves used for projects? Correct Answer-They help you track progress. Which term refers to the final value of your project that is set at the beginning of your project? Correct Answer-Budget at completion (BAC). You have determined the following information regarding your project. To-date, $43,000 of work has been completed and $47,000 has been spent. The plan called for $44,000 of the $200,000 worth of work to be complete. What is the current earned value? Correct Answer-$43,000 [Show More]

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