A project has a Cost Variance (CV) of +$5,000. What does this indicate?

The project is ahead of schedule

A project manager is preparing the final schedule report for a project that experienced significant delays. The sponsor wants a concise summary, but the customer's legal team requires a detailed account of all schedule changes. The project manager must satisfy both. What is the best approach?

Provide the sponsor with a one-page executive summary and the legal team with a comprehensive variance report.

Hold a meeting with both parties and present the comprehensive report verbally.

Send the same comprehensive report to both parties to ensure consistency.

Provide the legal team with the executive summary and the sponsor with the comprehensive report.

Which performance metric is typically included in a final schedule report to summarize schedule efficiency?

Schedule Performance Index (SPI)

A project has a Schedule Variance (SV) of -$10,000. What does this indicate?

The project is ahead of schedule

A project manager is preparing the final schedule report for a project that was completed under budget but behind schedule. The sponsor is pleased with the cost savings but concerned about the delay. The report will be used in the closure meeting. What is the best way to present this information?

Present the cost savings and schedule delay as separate issues without analysis.

Focus only on the schedule delay and ignore the cost savings.

Highlight the cost savings and explain the schedule delay with root causes and the impact on the final deliverable.

Focus only on the cost savings and downplay the schedule delay.

PMIScheduling Professional (PMI-SP)

Domain 4Objective 4

Task 4 Distribute Final Schedule Reports, Including Earned Value Management (EVM) Calculations and Variance Analysis, to Stakeholders in Order to Facilitate Project Closeout. PMI-SP Practice Questions (Page 3)

Part of the Schedule Closeout domain, which accounts for 6% of the PMI-SP exam. PMI does not publish an official question count, but from its 230-minute exam (~90–155 total, ~5–9 in this domain), expect 1–2 from this objective — we provide 15 practice questions to prepare you well beyond it. (estimate)

15questions here

3free pages

5concepts

6%of the exam

Questions 11–15

11foundation · easy
A project has a Cost Variance (CV) of +$5,000. What does this indicate?
Select an answer first
12expert · hard
A project manager is preparing the final schedule report for a project that experienced significant delays. The sponsor wants a concise summary, but the customer's legal team requires a detailed account of all schedule changes. The project manager must satisfy both. What is the best approach?
Select an answer first
13foundation · easy
Which performance metric is typically included in a final schedule report to summarize schedule efficiency?
Select an answer first
14foundation · easy
A project has a Schedule Variance (SV) of -$10,000. What does this indicate?
Select an answer first
15expert · hard
A project manager is preparing the final schedule report for a project that was completed under budget but behind schedule. The sponsor is pleased with the cost savings but concerned about the delay. The report will be used in the closure meeting. What is the best way to present this information?
Select an answer first

Finished these 5 questions?

Review the revealed explanations, or continue through the curriculum.

No more pagesBack to PMI-SP

Free Basic Practice is a study aid with revealable answers — not a scored exam. Examers.io is independent and not affiliated with or endorsed by PMI. “PMI-SP” is a trademark of its owner, used for identification only.