PMP Practice Question: Process — Predictive, Easy
You are managing a product development project with a fixed budget of $500,000. At the end of month 3, your earned value analysis shows: Planned Value (PV) = $150,000, Earned Value (EV) = $120,000, and Actual Cost (AC) = $130,000. The project sponsor asks for a status update. What should you report about the project performance?
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- 📖Earned Value Management: Your PMP Exam Formula Survival Guide
Master EVM formulas, interpret performance metrics, and tackle calculation questions with confidence. Essential Process domain knowledge for PMP success.
- 📖Financial Management for Project Managers: A 2026 PMP Guide
Master the financial management skills tested in the 2026 PMP exam. Learn budget forecasting, value delivery, and financial decision-making aligned with the expanded Business Environment domain.
- 🗂️Flashcards: Earned Value Management (EVM) Formulas
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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?