PMP Practice Question: Process — Predictive, Hard
You are managing a large infrastructure project with a 24-month timeline and a fixed budget of $15 million. At the end of month 12, you conduct an earned value analysis and find: PV = $7.5M, EV = $6.8M, AC = $7.9M. The sponsor is concerned about cost overruns and asks whether the project can be completed within the original budget. Your team estimates that current performance trends will continue. What is the most accurate estimate at completion (EAC) you should report to the sponsor?
Study this topic
- 📖Cost Estimation Techniques: From ROM to Definitive Estimates
Master the cost estimation methods tested on the PMP exam, from rough order of magnitude to definitive estimates, with practical examples and calculation techniques.
- 📖EVM TCPI Trap: Why Schedule Variance Is Zero at Project End
Understanding why schedule variance drops to zero at project completion is critical for EVM mastery. Learn the TCPI trap and how to avoid misinterpreting earned value metrics on the PMP exam.
- 🗂️Flashcards: Earned Value Management (EVM) Formulas
16 cards · quick recall practice
More Process Questions
View all →You are managing a construction project with a fixed budget of $2.5 million and a 14-month timeline. During month 6, you conduct an earned value analysis and discover that the Cost Performance Index (CPI) is 0.85 and the Schedule Performance Index (SPI) is 0.92. The project sponsor asks you to forecast the final project cost and determine what actions are needed. Using the current performance trends, what is the most appropriate estimate at completion (EAC) if you believe current variances are atypical and future work will be performed at the planned rate?
You are leading a software development project using a predictive approach. The project sponsor has approved the project charter, and you are now ready to begin detailed planning. Your next step is to gather requirements from stakeholders to understand what the software must accomplish. Which process group are you currently working in?
You are managing a bridge construction project and have just completed developing the Work Breakdown Structure (WBS) with your team. Each work package has been defined and assigned a unique identifier. A team member asks what the lowest level of the WBS represents. How should you respond?