- (Topic 2)
If a program has a budget of completion of $550,000, is 25 percent complete, and has spent $135,000 what is the cost variance (CV)?

1. A. .99
2. B. -$2,500
3. C. $2,500
4. D. 1.02

Correct Answer: C

- (Topic 4)
An organization is considering a new program. The business analyst believes that the benefits to the organization would equate to $1,550,000 in five years. If the rate of return for this program is six percent what is the maximum amount the organization should invest in this program?

1. A. $1,158,250
2. B. It depends on the internal decision making process.
3. C. $1,550,000
4. D. $2,074,249

Correct Answer: A

- (Topic 1)
Which of the following is responsible to sign off on the closure documents of a project?

1. A. Project team members
2. B. Project Manager
3. C. End user
4. D. Sponsor

Correct Answer: D

- (Topic 1)
You are the program manager for your organization. Management is considering a new program but they are worried about the program risks that may affect the program success. You know that there are three positive risks responses and three negative risk responses that each risk can have. Management asks you which risk response would be most appropriate for a large risk event if they wanted to hire a third-party to own the risk event for the program. What risk event is most appropriate?

1. A. Transference
2. B. Mitigation
3. C. Avoidance
4. D. Sharing

Correct Answer: A

- (Topic 1)
Your program creates a byproduct that you could sell to a client. The cost of the byproduct would offset the cost of the program by nearly $7,500 per month. This is an example of which positive risk response?

1. A. Sharing
2. B. Enhance
3. C. Exploiting
4. D. Accepting

Correct Answer: C