Cost management quiz

  • What is the cost management task?

    Cost management is the process of estimating, allocating, and controlling project costs.
    The cost management process allows a business to predict future expenses to reduce the chances of budget overrun.
    Projected costs are calculated during the planning phase of a project and must be approved before work begins..

Answer Key

Mentioned below is the answer key to the PMP practice quiz and some PMP resource links that’ll help you improve your project management knowledge.
1) Since the CPI is over one and SPI is less than one, it means that the project is currently not over budget, but is behind schedule.
Rolling Wave planning does not impact the schedule.
It is a type of .

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Bonus PMP Question

Which of the following is NOT a factor when determining the length of an Iteration.
A) The Release Length B) The Degree of Uncertainty C) The Cost of the Project D) The Student Syndrome Read the Iteration Length - Key Factors & Time Boxingarticle for the answer.

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Instructions

This quiz contains eight PMP practice questions.
You should attempt these questions in 10 minutes by choosing the best option.
The answer key is provided at the end of the quiz.
The answer key also contains links to further reading material available at Bright Hub.
Your aim should be to get seven or eight questions correct.
Good Luck!

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PMP Practice Questions

If the CPI of a project is 1.15 and the SPI is 0.7, which of the following techniques would probably help you bring the SPI closer to 1?


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