Task 5: Plan and manage budget and resources

A project manager is reviewing the project resource plan. They notice that a critical expert is over-allocated (booked 150%) in the next month. What technique should the PM use to resolve this?

A project manager is leading a project to build a new bridge. The project is using a predictive lifecycle. The PM wants to ensure that the project is on budget. The PM calculates the To Complete Performance Index (TCPI). The TCPI is 1.2. What does this mean?

A project manager is leading a project to build a new bridge. The project is using a predictive lifecycle. The PM wants to ensure that the project is on budget. The PM calculates the Estimate at Completion (EAC). The EAC is $1.2M. The BAC is $1M. What does this mean?

A project manager is leading a project to build a new bridge. The project is using a predictive lifecycle. The PM wants to ensure that the project is on budget. The PM uses 'Reserve Analysis'. What is this?

A project has a Budget at Completion (BAC) of $100,000. Currently, the Earned Value (EV) is $40,000 and the Actual Cost (AC) is $50,000. The project manager expects the current cost performance to continue for the remainder of the project. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols)

A project manager discovers a major design flaw that was not identified in the risk register. Fixing it requires $50,000. The project has $20,000 in Contingency Reserves and $60,000 in Management Reserves. How should the project manager fund this fix?

An agile project has a fixed budget but variable scope. The sponsor wants to know how the team tracks if they are on budget. Which metric is MOST appropriate for the project manager to present?

A project manager needs to estimate the cost of a new data center. They have detailed costs for every server, cable, and hour of labor required. Which estimation technique is being used?

A project has a Budget at Completion (BAC) of $100,000. The project is currently 40% complete. The Actual Cost (AC) is $45,000 and the Earned Value (EV) is $40,000. The project manager expects the current cost variance to be typical for the remainder of the project. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols).

A project has a Budget at Completion (BAC) of $100,000. The project is currently 40% complete. The Actual Cost (AC) is $45,000 and the Earned Value (EV) is $40,000. The project manager expects the current cost variance to be typical for the remainder of the project. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols or commas).

A project has a Budget at Completion (BAC) of $200,000. The project is 50% complete. The Actual Cost (AC) is $120,000. The Earned Value (EV) is $100,000. The project manager expects the current cost variance to continue. What is the Estimate at Completion (EAC)? (Enter the number only, no currency symbols)