Tag: pmp formulas

You are using the earned value management methodology. Which of the following is not a status formula you might use? A. SV B. BAC C. CPI D. CV Related Resources PMP Exam Prep Mobile App Project Management White Papers Related Courses IT Project Management Project Management Fundamentals Project Management, Leadership, and Communication PMP Exam Prep […]

You are in the Executing phase of your project. As project manager, you receive weekly status reports on work progress from team members. In reviewing their input, you are particularly interested in two tasks: task 89 has an EST (estimated start time) of 45 and a LST (late start time) of 58 and task 101 has an EST of 64 and a LST of 51. Which of these tasks is riskiest?

You are the project manager on a construction project where you are deliberating between renting, leasing or purchasing a large piece of equipment. Equipment pricing: Rent at a cost of $2,500 per day; Lease for a 60 day period at $2,500 per day, with a 10% discount; Purchase at a price of $100,000. By looking at your project schedule, you have estimated that you will use the equipment about 50 to 60 days. Based only on price, which decision would you recommend?

Your organization and a seller have just agreed to a contract with a total cost of $150,000, an estimated profit of $10,000, buyer/seller sharing of 70/30 and a ceiling price of $170,000. What is the PTA (point of total assumption)? A. $170,000 B. $160,000 C. $164,286 D. $166,453 Related Resources PMP Exam Prep Mobile App […]

A project sponsor asks if your project is ahead or behind schedule. What formula should you use to determine your answer?