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PMI-SP Exam - Topic 7 Question 11 Discussion

Cathy is the project manager of the NNQ Project. She currently has completed 45 percent of the project but was scheduled to have 65 percent of the project completed. This project has a budget of $344,000 and was scheduled to last four months. Cathy has spent $198,998 to date on the project. Based on this information, what is the estimate at completion for the NNQ Project?
C) $441,025.64
A) -$98,217.78
B) -$44,198
D) $243,219.78

PMI-SP Exam - Topic 7 Question 11 Discussion

Actual exam question for PMI's PMI-SP exam
Question #: 11
Topic #: 7
[All PMI-SP Questions]

Cathy is the project manager of the NNQ Project. She currently has completed 45 percent of the project but was scheduled to have 65 percent of the project completed. This project has a budget of $344,000 and was scheduled to last four months. Cathy has spent $198,998 to date on the project. Based on this information, what is the estimate at completion for the NNQ Project?

Show Suggested Answer Hide Answer
Suggested Answer: C

The estimate at completion (EAC) formula is the Budget at Completion (BAC)/Cost

Performance Index (CPI). In this instance, the CPI is .78 and

the BAC is $344,000. Cathy's project isn't doing too well.

Answer option D is incorrect. This value represents the estimate to complete for the project.

Answer option B is incorrect. This value represents the negative cost variance.

Answer option A is incorrect. This value represents the negative value the project will have once all

the work is completed.


by Ma at May 04, 2022, 12:25 PM

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Timothy
9 months ago
Totally agree, this project looks like a mess!
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Freeman
9 months ago
Wait, how did she spend almost $200k already?
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Idella
9 months ago
I think the estimate at completion is off.
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Tenesha
9 months ago
That budget is tight!
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Desirae
9 months ago
Cathy is 20% behind schedule.
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Tamra
10 months ago
I think the estimate at completion is supposed to give us an idea of the total cost at the end, but I'm not confident about which option to choose here.
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Glory
10 months ago
I feel like I might be mixing up the formulas for estimate at completion and variance. Is it based on the budget and actual costs?
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Nadine
10 months ago
This seems similar to a practice question we did on project performance metrics. I think I need to calculate the cost performance index first.
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Kerrie
10 months ago
I remember we talked about earned value management, but I'm not sure how to calculate the estimate at completion from the given data.
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Stephen
10 months ago
Okay, let me break this down. The goal is to reserve funds when the purchase order is confirmed. The solution mentions configuring item posting groups for purchase requisitions, which doesn't seem quite right. I'll need to explore other options to meet this requirement.
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Reena
10 months ago
I think the key here is that LACP is in passive mode. In that case, the LACP packets should only be sent after receiving LACP packets from the other side, so I'm going with B.
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Mariko
10 months ago
Okay, this seems straightforward. I just need to create a new class that extends SalesLineType and includes the new method. The solution provided looks like it does that, so I'll go with option A.
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Stephane
10 months ago
I think the key here is to focus on the business priorities and assessed risks, so I'd go with option C.
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Genevive
10 months ago
I feel like total revenue earned could reflect responses, but it doesn't directly measure engagement like, um, click-through rates do.
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Helga
10 months ago
I'm a little confused by this question. I know SOAP is used for web services, but I'm not sure how that relates to access tokens. I'll have to think this through carefully and review the material on SOAP and OAuth2.
upvoted 0 times
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