PMP Exam Preparation

Cost management problems

1. You are a project manager of a project to develop a new wireless feature. The
feature is made up of the phases in the table below. Each phase is planned to be
completed one after the other. Today is the end of Month 5
Task
Requirement
s
Architecture
Design
Code
Testing

Duration
1 month

Budget
$10,000

1 month
1 month
2 months
1 month

$10,000
$10,000
$ 20,000
$10,000

Using the Project status chart below, calculate EV, etc,

Task
Requirement
s
Architecture

Month
1
X

Design

Month
2

Month
3

Month
4

Month
6

Code

Testing
What is

Month
5

X
X

Calculation

Answer

Status at end
of Month 5
Complete,
Spent $10,000
Complete,
spend $12,000
Complete,
Spend $12,500
25% Complete,
Spend $7000
Not yet started

Interpretation of the
answer
Lo planificado

PV

50000

EV

35000

AC

41500

Valor presupuesto
completado
Valor Ganado real

BAC

60000

Presupuesto total

CV

EV-AC

-6500

Hay un costo positivo

CPI

EV/AC

0.84

Valor menor que 1 no hay

perdida

SV

EV-PV

-15000

SPI

EV/PV

0.7

PMP Exam Preparation

What is

Calculation

Answer

EAC

BAC/CPI

71142.86

ETC

EAC - AC

29642.86

VAC

BAC-EAC

-11142.86

Interpretation of the
answer

2. You are the project manager responsible for the development of a new software
platform. The project life cycle is made up of the phases in the WBS below. Each
control account plan (CAP) is planned to be completed one after the other. Today
is the end of Month 5
H a rd w a re
D e s ig n
1
R e q u ir e m e n ts

2
G r a p h ic a l
U ser
In te rfa c e

CAP
Requirements
Graphical User
Interface
Business Logic
Code
Software Developer
Testing
User Acceptance
Testing

3
B u s in e s s
L o g ic
C ode

4
S o ftw a re
D e v e lo p e r
T e s tin g

Duration
1 month
1 month

Budget
$ 40,000
$ 40,000

1 month

$ 60,000

2 months

$ 120,000

1 months

$ 40,000

5
U ser
A c c e p ta n c e
T e s tin g

Using the Project status chart below, calculate EV, etc, at the end of month 5
Task
Requirement
s
Graphical
User
Interface
Business
Logic Code
Software

Month
1
X

Month
2

Month
3

Month
4

Month
5

Month
6

Status at end
of Month 5
Complete,
Spent $38,000
Complete,
spend $ 36,000
Complete,
Spend $ 61,000
85% Complete,

PMP Exam Preparation

Developer
Testing
User
Acceptance
Testing
What is
PV

Spend $ 92,000
Not Started

Formula

Calculation

Answer
260000

EV

242000

AC

46000

BAC

300000

CV

EV - AC

15000

CPI

EV/AC

1.07

SV

EV - PV

-18000

SPI

EV / PV

0.93

EAC
(estimate at
completion
)

BAC/CPI

281404.96

ETC
(estimate to
complete)

EAC - AC

54404.96

VAC

BAC-EAC

18595.04

1. Based on your results. In this project what would you be most concerned with?
a. Schedule
b. Cost
c. Stakeholders Involvement
d. Quality