Project Management Professional PMP · Free Practice Question Medium
Question 63
You are a project manager for your organization. Your current project has a budget of $1,250,650 and is currently 75 percent done. Due to some errors by the project team, however, you were supposed to 80 percent as of today. In your project, you have spent $989,000. Management has asked for to report your Estimate to complete. What’s the best answer?
- A ($68,017)
- B 1.19
- C $1,318,667
- D $329,667
Reveal correct answer
Correct answer: D
Explanation
To calculate the estimate to complete (ETC), use the following formulas:
EV = .75 X 1,250,650 = $937,987.50
CPI = EV/AC = 937,987.50/989,000 = .94842
ETC = (BAC-EV)/CPI = (1,250,650 - 937,987.50)/.94842 = $329,667 (rounded)
The other answers are incorrect choices.
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