SimpliLearn

PMP QUestion on Project Selection and Earned Value

Submitted by manjubn7628 on Thu, 09/02/2010 - 11:56

Can Some one Please answer these Questions..

Q1.  Here are a list of Projects ?

        Project       Investment Costs           Chance of Winning

        Proj A          100 $                                  30 %

        Proj B          200 $                                  40 %

        Proj C         300 $                                   50 %

Which one do you select ?

 

Q2. What does it mean when both Cost Variance CV and Schedule Variance SV are 0.. It can be On-Budget ..but that was not listed as an option ?

       

0
Your rating: None
‹ Regarding project plan,charter,closing process Application Review period ›

Hi Reg Q1: I think Proj C

Submitted by dinesh_babu_r on Thu, 09/02/2010 - 12:53.

Hi

Reg Q1: I think Proj C might be the answer, as the Chance of winning is 50%. Usually for project selection we have

n no's of techniques, like cost-benefit analysis, NPV(Higher Net Present Value) etc. the question appears to be

a variant of the cost-benefit with 50% benefits. Others please correct me if wrong.

Reg Q2, we need to see the options., as atleast an option would have indicated the same meaning (On Budget - On Schedule) message in a different way/tone.

Share this