Project Management Professional (PMP) — Question 851

A project manager has commissioned a design study from a consulting firm to investigate a number of alternatives. The project manager has a strict policy on the cost of the study and has established a number of cost triggers and trend analyses.

Which tool is the project manager using?

Answer options

• A. Time and materials (T&M) contract
• B. S-curve analysis
• C. Earned value (EV)
• D. Control chart

Correct answer: B

Explanation

The correct answer is B, S-curve analysis, which helps in monitoring project costs and progress over time through visual representation. A Time and materials (T&M) contract (A) is a type of agreement, while Earned value (EV) (C) is a project management technique for measuring project performance, and Control charts (D) are used for quality control rather than cost management.