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Project Cost Management Mock Test

Here we discuss Freely Available PMP® mock exam questions. Internet is full of free PMP® Simulators but most of these simulators does not provide good explanation of answers, here we discuss them.
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Project Cost Management Mock Test

Postby komal Sun Oct 01, 2017 3:44 am

As per the project management plan of Joe’s project, $200,000 has been assigned to it as project cost baseline. The project is planned to finish in one year. At the end of one year, on the planned date of completion, 90% of the work has been accomplished. Calculate schedule performance index for the project.





I think 200,000 is BAC as it is specified as project baseline. But in solution, 200,000 is mentioned as PV. Please explain how to find and justify this.
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Re: Project Cost Management Mock Test

Postby akitut Wed Oct 11, 2017 6:54 pm

BAC is nothing but total budget that was planned for the project. So, here project is planned to finish in 1 year and hence it is the PV. We earned 90% of the work, i.e., EV =$180,000. Then SPI should be 0.9.

**Manish please verify if this is correct.
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Re: Project Cost Management Mock Test

Postby manishpn Sun Nov 05, 2017 11:01 am

yes thats correct
ev = 90% of 2000000
pv = 2000000
Manish P
PMP, PMI - ACP, SAFe Agilist ... ification/

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