Sample PMP Question: May 2014

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The project manager is executing a railroad construction project, when his sponsor asks him to forecast the cost of project completion.  Which of the following is the BEST metric to use for forecasting?

A.    ETC and VAC
B.    EV and ETC
C.    ETC and CPI
D.    EAC and CV

Answer

A: Forecasting the cost of project completion is estimating the additional amount required to complete the remaining work.  There are two useful numbers that can be used for forecasting.  One of them is ETC (Estimate to Complete), which tells you how much more money you’ll spend on your project, and the other one is the VAC (Variance at Completion), which predicts your variance at project completion.

Question data supplied by: 1000 Challenge PMP Questions
Author: Mohit Arora
Available now at amazon.com

About Kevin Archbold

Kevin Archbold, PMP, PMI-SP, has over 30 years of project management experience with large and small organizations in a variety of industries, including automotive, nuclear, telecommunications, trucking, IT, recruiting, mining, construction, and government. Kevin has presented at local and national levels within the Project Management Institute (PMI), is the winner of a local chapter PMI Project of the Year Award, and is the current president of a PMI Chapter.

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