CAPM

Question 1

How is Planned Value calculated?

Answer 1

Planned value= Planned % of project completed x BAC
If project budget is $50,000 & you should have 40% of it complete after 2 months, then the planned value would be (40% x $50,000) = $20,000

Question 2

How is Cost Performance Index calculated?

Answer 2

earned value (EV) / actual cost (AC)

Question 3

What is a RACI chart

Answer 3

Responsibility assignment matrix is a diagram used to define team roles as Responsible, Accountable, Consulted, & Informe

Question 4

How is contingency cost calculated?

Answer 4

probability x loss

Question 5

What is a phase gate?

Answer 5

A review at the end of a phase in which a decision is made to continue to the next phase, to continue with modification, or to end a program or project.

Question 6

A CPI of 1.4 indicates what?

Answer 6

CPI 1 = Neutral
CPI > 1 = Good
CPI < 1 = Negative, overbudget
CPI = cost performance index, relates to cost of project

Question 7

What is the communication channels formula?

Answer 7

N * (N-1)/2 where N represents number of stakeholders. Stakeholders include project manager.

Question 8

How is CPI calculated

Answer 8

cost performance index = EV/AC

Question 9

What is the primary purpose of expected monetary value (EMV)?

Answer 9

To numerically prioritize risk