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 ?


       

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dinesh_babu_r

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.