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PMP: Cost Management : Control Costs Tools n Techniques

Control Costs Tools n Techniques

Control Costs Tools n Techniques
Earned Value Management
Forecasting
To Complete Performance Index (CPI)
Performance Reviews
Project Management Software
Reserve Analysis

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List of Control Costs Tools n Techniques

• Earned Value Management

• Forecasting

• To Complete Performance Index (CPI)

• Performance Reviews

• Project Management Software

• Reserve Analysis

What is the formula for Schedule Variance (SV)?

• a) EV - PV

• b) EV − AC

• c) EV/PV

• d) EV/AC

Answer: EV - PV

What is the formula for Cost variance (CV)?

• a) EV - PV

• b) EV − AC

• c) EV/PV

• d) EV/AC

Answer: EV − AC

What is the formula for Schedule performance index (SPI)?

• a) EV - PV

• b) EV − AC

• c) EV/PV

• d) EV/AC

Answer: EV/PV