1. Your company has asked you to provide a cost estimate that includes maintenance, installation, support, and upkeep costs for as long as the product will be used. What is that kind of estimate called?
A. Benefit-cost ratio
B. Depreciation
C. Net present value
D. Lifecycle costing
2. You are working on a project with an SPI of .72 and a CPI of 1.1. Which of the following BEST describes your project?
A. Your project is ahead of schedule and under budget.
B. Your project is behind schedule and over budget.
C. Your project is behind schedule and under budget.
D. Your project is ahead of schedule and over budget.
3. Your project has a BAC of $4,522 and is 13% complete. What is the earned value (EV)?
A. $3,934.14
B. There is not enough information to answer.
C. $587.86
D. $4,522
4.You are managing a project laying underwater fiber optic cable. The total cost of the project is $52/ meter to lay 4 km of cable across a lake. It’s scheduled to take eight weeks to complete, with an equal amount of cable laid in each week. It’s currently the end of week 5, and your team has laid 1,800 meters of cable so far. What is the SPI of your project?
A. 1.16
B. 1.08
C. .92
D. .72