While preparing an earned value analysis (EVA) for the sponsor, the project manager provided this information in the latest project report:
* Approved Work Package Cost Estimates: US$9,500
* Contingency reserves: $500 %
* Management reserves: 10% of contingency reserves
* Percent complete of the project: 50%
* Planned percent of the project: 40%
* Actual costs of the project: US$4,500
What is accurate about the project status?

• A.The actual work is 25% less than the planned work.
• B.The project cost is 10% higher than planned.
• C.The actual work is 25% more than the planned work.
• D.The project cost is 10% lower than planned.

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Procurement audits, negotiated settlements, and a records management system are tools and techniques used in which Procurement Management process?

• A.Administer Procurements
• B.Conduct Procurements
• C.Plan Procurements
• D.Close Procurements

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An output of the Create WBS process is:

• A.Scope baseline.
• B.Change requests.
• C.Accepted deliverables.
• D.Variance analysis.

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As head of the PMO, you will receive performance reports for all major projects. You decided to set a guideline for project managers as performance reporting should______________

• A.Collect work performance information on the status of deliverables
• B.Provide earned value data for project forecasting
• C.Provide information at an appropriate level for each audience
• D.Focus on cost and schedule variances rather than scope, resources, quality, and risks

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Which type of risk diagram is useful for showing time ordering of events?

• A.Influence
• B.Ishikawa
• C.Decision tree
• D.Milestone

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