PMI Scheduling Professional (PMI-SP) — Question 53

Harry works as a project manager for the NHQ project. His project has a budget of $2,208,456 and is scheduled to last for three years. His project is currently forty percent complete though it should be forty-five percent complete. In order to reach this point of the project, he has spent $725,000. Management needs a performance report regarding the NHQ project. Management is concerned that this project will be over budget upon completion. What is the estimate at completion for this project that Harry will need to report to management?

Answer options

• A. $1,312,504
• B. $787,504
• C. $1,812,498
• D. $725,000

Correct answer: C

Explanation

The correct answer, C ($1,812,498), represents the calculated estimate at completion (EAC) based on the current performance and budget spent. The other options do not accurately reflect the necessary calculations involving the project's earned value and cost performance index, thus they are incorrect.