PMI-SP Exam Dumps

These tools and techniques are used in the Plan communications process.

The tools and techniques used in the Distribute information process are as follows:

Communication methods: These methods includes individual and group meetings, computer chats,

audio and video conferences and

other remote communications methods to distribute information.

Information distribution tools: Various information distribution tools can be used to distribute

information such as electronic tools,

electronic conferencing tools, hard copy document distribution etc.

The planned value is the percent complete that the project should have done. In this instance, it is:

Planned value = 45% of $1,258,456

=$566,305

Answer option B is incorrect. This is the project budget.

Answer option D is incorrect. $503,382 is the earned value for this project.

Answer option C is incorrect. -$54,044 is the variance at completion for your project.

According to the question, the schedule variance (SV) of the project is 25, which is a

positive value. The positive SV depicts that the project is

ahead of the planned schedule.

What is SV?

Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that

the schedule is ahead

or behind what was planned for this period in time. The schedule variance is calculated based on the

following formula:

SV = Earned Value (EV) - Planned Value (PV)

If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater

than 0 shows that the

project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.

Answer option A is incorrect. The negative SV means that project is behind the schedule.

Answer option C is incorrect. The zero SV means that project is right on target.

Answer option B is incorrect. This result can be drawn by looking at the cost variance (CV) of the

project.

What is CV?

Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are

higher than budgeted

or lower than budgeted. The cost variance is calculated based on the following formula:

CV = Earned Value (EV) - Actual Cost (AC)

A positive value means that spending is less than budgeted, whereas a negative value indicates that

costs are higher than

originally planned for the project.

Stakeholders are interviewed and can help identify other stakeholders that should be

included in the project communications.

Answer option B is incorrect. According to the PMBOK, this is not the best answer.

Answer option A is incorrect. Stakeholders are entered into a stakeholder register, not identified by

it.

Answer option C is incorrect. Project customers are stakeholders.

The to-complete performance index when based on the estimate at completion uses

the formula (BAC-EV)/(EAC-AC). In this instance, the

answer is 0.98, which means the project is likely to reach its performance objectives.

To-complete Performance Index (TCPI) is the measured projection of the anticipated performance

required to achieve either the BAC or the

EAC. TCPI indicates the future required cost efficiency needed to achieve a target EAC (Estimate At

Complete).Once approved, the EAC

supersedes the BAC as the cost performance goal. Any significant difference between TCPI and the

CPI needed to meet the EAC should be

accounted for by management in their forecast of the final cost.

The formula for TCPI is as follows:

TCPI = {(BAC-EV)/(BAC-AC)}

Answer option B is incorrect. This is the value of TCPI using the BAC approach.

Answer option C is incorrect. This is the estimate at completion for this project.

Answer option A is incorrect. -$108,120 is the variance at completion