Please Do not press "Submit" at the end of the exam until you are sure of your responses, as your test will be graded immediately.
You can hover your mouse pointer over to see the question ID. Good luck!

1.  A project is estimated to cost $ 50,000 with a timeline of 50 days. After 25 days, the project manager finds that 50% of the project is complete and Actual costs are $ 50,000. What is the Cost Performance Index (CPI) ?

   A) The CPI is 1
   B) The CPI is 1.5
   C) The CPI is 2
   D) The CPI is 0.5
   

2.  Contingency Reserves are estimated costs to be used at the discretion of the project manager to deal with:

   A) Inadequacies in the original estimate
   B) Anticipated but not certain events.
   C) Unanticipated events
   D) Anticipated and certain events
   

3.  As a project manager, you periodically do project performance reviews to compare cost performance over time, schedule activities or work packages over-running and under-running budget, milestones due, and milestones met. Which of the following is not a valid technique that you would use for performance-reporting?

   A) Trend Analysis
   B) Earned Value Performance
   C) Variance Analysis
   D) Integration Analysis
   

4.  Which of these are not inputs to the Determine Budgets process?

   A) Cost baseline, Requirements traceability matrix
   B) Project schedule, contracts
   C) Basis of estimates, Activity cost estimates
   D) Project schedule, Resource calendars
   

5.  Funding requirements for a project are usually in incremental amounts that are not continuous, and these appear as a step function in the graph depicting Cash flow, Cost baseline and Funding. Any gap at the end of the project, between funds allocated and the cost baseline and cash flow amounts represents:

   A) The amount of Management Reserve that was not used
   B) The amount of Management Reserve that was not allocated
   C) The cost overrun
   D) Ineffective utilization of funds