cost question
Submitted by kang on Sat, 02/02/2013 - 09:26
Marks: 1
Management directed all project managers to use earned value analysis. They are also asking you for your estimate at completion, a forecast of the most likely total project costs, at each meeting. Estimate at completion is based on:
Choose one answer.
Forums:
kang
Sat, 02/02/2013 - 11:01
Permalink
new question
Likely Result
Value
Probability
Good profit
$100,000
0.25
Low profit
$60,000
0.50
Loss
-$40,000
0.25
raza82
Sat, 02/02/2013 - 11:14
Permalink
Answer
Answer to second question is b)
= (100000 x 0.25) + (60000 x 0.5) - (4000 x 0.25)
sspawar
Sat, 02/02/2013 - 11:16
Permalink
C-- whether project ETC
Q 1
C-- whether project ETC trend is atypical or typical.
option D and B are very close but they are part of /basis of trend.
Q 2
B 45000
kang
Sat, 02/02/2013 - 11:41
Permalink
new Q
You will require use of a high pressure punch press for four months. You can rent the press for $10,000 payable at the end of each month. You may also choose to make a lump sum payment on the day the press is delivered. Using a discount rate of 1% per month, the maximum lump sum payment you should choose to make is:
Silvedmon
Sat, 02/02/2013 - 12:52
Permalink
Answers
The answer is B Project Performance
The answe is B 45,000
The answer is D- 38.500
raza82
Sun, 02/03/2013 - 05:34
Permalink
how did u caculate
How did u calcuate for the 3rd question, please elaborate
raza82
Sat, 02/02/2013 - 17:11
Permalink
Why it cant be.....
Pawar, Why the answer for the 1st question be Project Performance?
sspawar
Sun, 02/03/2013 - 03:47
Permalink
P184 6th line - is the
P184 6th line - is the basis of this question, and the answer is option B, project performance.
But at the same way, if I read, p186 -Trend analysis - it says - trend analysis examines project performance ..... ..... versus EAC and completion date.
Very close options.
Though I replied option C, but I agree here, on option B.
sspawar
Sun, 02/03/2013 - 07:28
Permalink
3rd question:Using discount
3rd question:
Using discount rate formula PV = FV/(1+r)^n, for each month seperately for amount 10000.
amount of 10000= 10000/(1+r)^M
in starting of 1st month if he pays = 9901+9803+9706+9610 =39020, (close to option B)
how it will become 10000 per month in the end of each month , see here:
9901 @1% interest in the end of 1st month = 9901 *(1.01)^1 = 10000
9803 @1% interest in the end of 2nd month = 9803 *(1.01)^2 = 10000
9706 @ 1% interest in the end of 3rd month = 9706 *(1.01)^3 = 10000
9610 @ 1% interest in the end of 4th month = 9610 *(1.01)^4 = 10000
it could not be simply solved IN ONE GO by formula PV = FV/(1+r)^n = here answer will be 40000/(1+.01)^4 = 38439, because you are not paying 40000 in the end of 4 months.
raza82
Sun, 02/03/2013 - 07:32
Permalink
Hi Pawar
Hi Pawar, I go down when I see calculations, please make my life easy by saying that such questions might not be asked in the real exam...
And for Project Selection what type of numerical questions can be expected?
sspawar
Sun, 02/03/2013 - 08:19
Permalink
NPV/PV formula based
NPV/PV formula based question may be asked.
but those will be shorter and close to the principles.
many questions in the mock tests/ question banks on NPV/IRR/PAYBACK are made delibrately vague or based on the knowledge of authors only.
But in real exam such nonqualified questions are not asked.
Above question may be asked for 2 month period. just to know the concept. but chances is very low.
mostly - network based and evm based question are asked.
in above q for explanation point of view, i elaborated it so lengthy otherwise 1st table is sufficient. and it will if be for 2 month, it will not be a lengthy .
puzuk
Wed, 02/13/2019 - 05:39
Permalink
If you need to take part on
If you need to take part on discussion you need to login on this panel that have all the subscription on it. I have to check the all fields on this that was on papersowl reviews base this has the all step of the registration on it that will make it easier.