4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) Quiz No. 1: Project Cost Management (EV Analysis) Total points 10/10 You have twenty-five minutes for this online quiz! Once you have answered a question, you will not be allowed to go back and choose an alternative option. This is to maintain a check and balance so that in an online quiz, you are limited to ask for a correct answer with your fellow classmates! Time will be of the essence as you will hardly get two mins to answer each question. So instead of relying on someone else's reply, focus on what you have learnt and get the questions done! Email address * slash.beetlejuice@gmai.com 0 of 0 points Your complete Enrollment Number? (Don't write the last three digits of your enrollment number - write complete number; Marks will be deducted if complete enrollment number is not mentioned/or wrongly) * 01-398201-122 Your Name, as per Bahria University's Enrolled student? * Saqib Shiraz https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 1/7 4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) Section 2 10 of 10 points Once you have answered a question, you will not be allowed to go back and choose an alternative option. This is to maintain a check and balance so that in an online quiz, you are limited to ask for a correct answer with your fellow classmates! Time will be of the essence as you will hardly get two mins to answer each question. So instead of relying on someone else's reply, focus on what you have learnt and get the questions done! Given a project with the following characteristics, answer the following 3/3 questions:You are the project manager of a project to build fancy birdhouses. You are to build two birdhouses a month for 12 months. Each birdhouse is planned to cost $100. Your project is scheduled to last for 12 months. It is the beginning of month 10. You have built 20 birdhouses and your CPI is .9091.What is the actual cost of the project right now? * $1800 $2000 $2200 $2400 Feedback That's Right! https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 2/7 4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) Given a project with the following characteristics, answer the following 1/1 questions:You are the project manager of a project to build fancy birdhouses. You are to build two birdhouses a month for 12 months. Each birdhouse is planned to cost $100. Your project is scheduled to last for 12 months. It is the beginning of month 10. You have built 20 birdhouses and your CPI is .9091. How is the project performing? * Over budget and ahead of schedule Under budget and ahead of schedule Over budget and behind schedule Under budget and behind schedule Feedback That's Right! https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 3/7 4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) When you analyse earned value data for your project, you get the following information: CPI = .84, and the EV is $48,000. How much 1/1 money has actually been spent on the project? * $40,320 $57,145 $37,654 There is not enough information to calculate the actual cost Feedback That's Right! You are managing a constructions project. You have completed half the 1/1 project work. The total planned cost at this stage is $1000. The actual work that has been completed at this stage is worth $1200. You have spent $1500 already on the project. What is the CPI? * 0.5 0.8 4 1.25 Feedback That's Right! https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 4/7 4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) You perform an earned value analysis for your project, resulting in the following numbers: EV: 354,000; PV: 454,000; AC: 474,000. Which 1/1 results are correct? * CV: +120,000; SV: +100,000 CV: +100,000; SV: +120,000 CV: -100,000; SV: -120,000 CV: -120,000; SV: -100,000 Feedback That's Right! You are managing a telecommunications project. The project is expected 1/1 to be completed in 10 months at a cost of $12000 per month. After 2 months, you realize that the project is 30% completed at a cost of $60,000. What are the Earned Value (EV) and the Cost Variance (CV)? * EV = ($16,000); CV= $26,000 EV = $16,000; CV= ($20,000) EV = $36,000 ; CV= $24,000 EV = $36,000; CV= ($24,000) Feedback That's Right! https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 5/7 4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) The latest Earned value report of the project shows CPI = 1.2, SPI = 0.8, 1/1 PV = $500,000, SV = -$220,000. What is the Cost Variance of the project? * $486,666 $233,333 $46,666 $280,000 Feedback That's Right! The earned value data for a project has been derived as below. 1/1 PV=$400,000, EV=$400,000, AC =$600,000. What is the burn rate of the project (CPI)? * 0.66 1 1.6 1.5 Feedback That's Right! This content is neither created nor endorsed by Google. - Terms of Service - Privacy Policy https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 6/7 4/12/2020 Quiz No. 1: Project Cost Management (EV Analysis) Forms https://docs.google.com/forms/d/e/1FAIpQLSfuhoSJmlob3TR07PgPHRToq3WylDvX7F9Tsylf6naBQ5EqPA/viewscore?viewscore=AE0zAgB7fYD0ahhi… 7/7
