1. The project manager is reconciling the expense plan with any funding limits imposed by the approved budget. What process is this?

a. Integrated Change control

b. Determine budget

c. Control cost

d. Estimate costs

2. In order to calculate the estimate at completion (EAC), the following is typically needed:

a. Actual Cost and the estimate to complete the unfinished work

b. Earned Value and the actual cost

3. Earned value of a project is $127,200 and the planned value is $143,000. How will you explain this project performance?

a. Ahead of schedule

b. Behind schedule

c. On schedule

d. Cannot say anything

4. A stakeholder on a project has asked for a change to the project that has an impact on the project budget. To implement the change------- has to be followed.

a. Change control Board

b. Changes cost estimate

c. Cost performance baseline

d. Monitoring and controlling group