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PMI-SP Exam - Topic 6 Question 57 Discussion

Actual exam question for PMI's PMI-SP exam
Question #: 57
Topic #: 6
[All PMI-SP Questions]

You are the project manager of the QAQ Project. The QAQ Project has a BAC of $2,786,121. You are

currently 20 percent complete with this project, though you should be 25 percent complete with the

project work. The project has consumed $595,000 of the project budget to date. Management has

asked you, based on the current project performance, what the project's estimate to complete will

be considering the current project schedule variance. What is the ETC for this project?

Show Suggested Answer Hide Answer
Suggested Answer: D

The estimate to complete wants to know how much more money the project will need

to complete its objectives.

The estimate to complete (ETC) is the expected cost needed to complete all the remaining work for a

scheduled activity, a group of activities,

or the project. ETC helps project managers predict what the final cost of the project will be upon

completion. The formula for the ETC is EAC-

AC. The EAC is BAC/CPI.

Answer option A is incorrect. This is the estimate at completion based on the current project

performance.

Answer option C is incorrect. This is the current schedule variance.

Answer option B is incorrect. 1.02 is the to-complete performance index based on the BAC.


by Jennie at Aug 21, 2022, 06:32 AM

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Thad
4 months ago
Totally agree, $2,380,000 seems right!
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Eliseo
4 months ago
Wait, how can we be 20% done but only 25% of the budget used?
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Ammie
4 months ago
I think that's way too high, isn't it?
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Johana
4 months ago
Should be $2,380,000 for the ETC based on the numbers.
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Herman
4 months ago
The BAC is $2,786,121 and we've spent $595,000 so far.
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Isaac
5 months ago
I remember that the ETC is influenced by both the actual costs and the planned progress. I think the answer might be around $2.3 million, but I’m not entirely confident in my approach.
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Lewis
5 months ago
This question feels similar to one we practiced where we had to calculate the ETC using earned value metrics. I think I might lean towards option D, but I need to double-check my calculations.
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Leanna
5 months ago
I’m a bit unsure about the schedule variance part. I think it affects the ETC, but I can't recall exactly how to factor that in with the current completion percentage.
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Kallie
5 months ago
I remember we discussed how to calculate the Estimate to Complete (ETC) based on the Budget at Completion (BAC) and the actual costs. I think I need to apply the formula correctly here.
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Carissa
5 months ago
Hmm, I'm not sure about this one. I know there are a few different commands to save the configuration, but I can't remember the exact ones. I'll have to think this through carefully.
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Gearldine
5 months ago
The question is asking specifically about the value of Service Cloud, so I'll need to make sure I don't get distracted by options that aren't related to that product. I'll need to really understand the differences between the choices.
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Francene
5 months ago
This looks like a straightforward question about optimizing the infrastructure for a growing web portal. I think the key is to offload the storage and content delivery from the main ECS instance.
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