Practice Quiz

PMI PMP Project Management - Question List

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131. Tom is doing analysis on his project and the result for Schedule Variance has just come up negative. What does this mean for his project?
  1. His project is ahead of schedule.
  2. His project is behind schedule.
  3. His project is under budget.
  4. This is the amount he’s yet to spend.
  5. He should file a change request.
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132. It’s been projected that Project X will take 7 years to amortize the project costs and start earning a profit for its company. This demonstrates which concept?
  1. Net Present Value
  2. Internal Rate of Return
  3. Payback Period
  4. Benefit Cost Ratio
  5. PMIS
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133. True or false: A contingency reserve should be a specific percentage of each budget:
  1. True
  2. False
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134.

True or false: A management "reserve" should be a specific percentage of each budget.

  1. True
  2. False
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135. True or false: The lower the better for Schedule Performance Index (SPI) and Cost Performance Index (CPI).
  1. True
  2. False
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