My PMP sample questions

Q 1 - At the end of 3 months in a 6 months long project EV is $14,000, PV is $15,000, AC is $17,500. Total budget for the project is $30,000. At the end of 3 months, project is:

A. Ahead of schedule and under budget
B. Behind schedule and over budget
C. Behind schedule and under budget
D. Ahead of schedule and over budget

Q 2 - A project has a total budget of $600,000. As of data date a project shows ACWP as $350,000, BCWP as $400,000 and BCWS as $425,000. Project is running -

A. Ahead of schedule with SPI = 1.06
B. Ahead of schedule with SPI = 1.14
C. Behind schedule with SPI = 0.94
D. Insufficient data to calculate SPI

Q 3 - In the above question, project is running -

A. Over budget with CPI = 0.94
B. Under Budget with CPI = 1.14
C. Under budget with CPI = 1.21
D. Insufficient data to calculate CPI

Q 4 - There are 3 projects to be chosen from. Project A has NPV of $680,000 with a payback period of 6 months, Project B has NPV of $600,000 with a payback period of 3 months and Project C has NPV of $725,000 with a payback period of 12 months. Based on this data, which project should be chosen -

A. Project A
B. Project B
C. Project C
D. Can not be determined with this data


Q 5 - There are 3 projects to be chosen from. Project A has NPV of $32,500, Project B has NPV of $40,000 and Project C has NPV of $45,000. Project C is chosen. The opportunity cost of project C is -

A. $32,500
B. $72,500
C. $45,000
D. $40,000

















Answers:

Q1 - B. SPI = EV / PV = 14000/15000 = 0.93 (which is less than 1), hence project is behind schedule. CPI = EV/AC = 14000/17500=0.8 (which is less than 1), hence project is over budget.

Q2 - C. SPI = EV/PV = BCWP/BCWS = 400000/425000=0.94 (which is less than 1), hence project is behind schedule with SPI = 0.94

Q3 - B. CPI = EV / AC = BCWP / ACWP = 400000/350000=1.14 (which is greater than 1), hence project is under budget with CPI = 1.14

Q4 - C. Project C will be chosen as this has the highest NPV.

Q5 - D. Opportunity cost is the cost of next best opportunity.


Here are the links for more practice questions -

1. 3500 Question Exam Simulation CD-ROM
2. 1000 PMP Exam Questions with Explanations, 5 Full Length Exams: Based on PMBOK 4th Edition

For more sample questions visit:

1. PMBOK Guide 4th Edition Sample Questions
2. More Sample Questions (PMBOK 4th Edition)