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Discussion in 'PMP' started by Mukesh Sahu, Apr 7, 2019.
Kindly use this thread to post.
Anyone refering to Rita's book? If so, what are your views about it? How are you planning to finish it along/post the course?
Please help me with this question (attached)
This is ques 7, project i tegration management quiz.
I am unable to understand the answer and its explanation.
Trainer will look into this and assist you better
B. It is implemented, so D is not applicable. You cannot undo what he did.
agreed, Trainer will assist you better.
B is correct. To add to D's discrediting above consider the fact that you don't know yet whether the change is good or bad, so you need to analyze before you undo anything.
As per headfirst, there are multiple ways to calculate EAC but EAC = BAC/CPI is sufficient for exam. Is it true?
Start with 2 options -
EAC = BAC/CPI,
EAC = AC+(BAC-EV).
The first assumes the current or aggregate CPI is to be the rule moving forward, and the second assumes A CPI of 1 (we get back on plan, or the initial CPI) is to be the rule moving forward. If you translate the formulas into a logical phrase, you'll see the assumptions.
These are the fundamentals.
Thank you Tim!
Please help me understand how option B below is justified as one of the correct answers. Here PV > EV means we wanted more to be achieved than we currently have. Shouldn't this rather be an underestimation of the planned time?
A Project Manager is working on a highly visible project in an organization and is most concerned about project performance and progress. His cost variance is currently $150 and schedule variance percentage is -15%. Which of the following statements about the cost and schedule performance of the project is INCORRECT?
SELECT THE CORRECT ANSWER
A. The project has spent more money on work accomplished than planned
B. You have overestimated the amount of time needed to complete the project
C. The Project has faced some unplanned or planned setbacks that have affected the schedule
D. The project is doing favorably cost-wise but is lagging behind in schedule
Since cost variance for the project is positive, it means that Earned Value > Planned value; hence, the project has achieved more than planned in terms of cost. However, the negative value of the schedule variance percentage denotes that the project is lagging in terms of planned schedule objectives. Schedule Variance % is defined as = (Earned Value - Planned value)/Planned Value. This could be due to overestimation (Option B) or an unplanned activity affecting the schedule (Option C). (Option D) is also correct statement as discussed above.
Trainer will look into this and assist you better.
Appreciate if this could be answered please.
lets translate statement in simple words
CV = $150 means EV is > AC Under budget spent less money , favourable.
SV -15% means behind schedule.
Option A statement says Spent more money (X) No we have spent less money
B and C could be but can not be ascertained definitively from given data / statement
D The project is doing favorably cost-wise but is lagging behind in schedule ( Yes it is correct)
option A is incorrect statement.
Pl see PMBOK 267 that is what is called sufficient.
Thank you! Need to correct this in the simulation exam.