Please answer?


Question:
1.Project costs are over budget when
Answer:
a. CPI <1>

b. CPI > 1

c. CPI <0>

d. SPI = 1

2.Diane was so concered about her project that she woke up dreaming about it. She thought to herself, "Well, our EV is 2, our AC is 4 and our PV is 6 so that means
Answer:
a. our productivity was less than planned

b. our cost variance is negative

c. our cost estimate at completion is 6

d. a, c, and d

e. our CPI and SPI are both positive

3.There are usually two types of reserves in a project's budget. The _____ reserve is for cost variances from the plan because of inaccurate estimates or pricing and costs overruns, while the ____ is to accommodate costs for project work that were not included in the plan through error or oversight.
Answer:
a. engineering; management allowance

b. management; contingency allowance

c. project; budget overrun allowance

d. management; mismanagement allowance

Answer:
question #3 the "B" management contingency allowance
and "C" project budget overrun allowance
Sorry the first two questions I can't understand the CPI, SPI etc, I am in Canada and I think we use different terminologies for them EV AC etc. if you can add the details, using the words instead of letters I can answer the questions for you.
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