Possibly the most difficult PMP Questions!
Yes, the folks at Mister Exam thought that we should dedicate a special section for the most difficult PMP questions ever, based on our curation as well as the general response from around the world. Try these questions and see how many can you get correctly. And of course, if you feel that there are other questions that deserve to given this special award (or questions that should not be), please let us know. We are always happy to hear from you!
Difficult Question 1
The wage rate of the workers is $19.00, Fringe Benefit costs are 25% of the wages and the overhead costs are 70% of the wages plus benefits. What is the "Loaded" hourly rate for these workers?
a. 16.38
b. 40.38
c. 88.38
d. 114.00
Difficult Question 2
Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline:
PV: $1,200,000, EV = $1,000,000, AC = $1,200,000
You expect the underestimation to influence the future as much as it did in the past.
If the BTC (Budget to Complete) is at $1,000,000, what should be your new EAC (Estimate at Completion)?
a. $1,800,000
b. $2,000,000
c. $2,200,000
d. $2,400,000
Difficult Question 3
Robert is the project manager for an undersea cable company based in Cyprus. He is managing a project to lay an optical fiber cable from Naples to Palermo. The PMO has asked for an updated estimate of the total cost of the project.At the start of the project, the costs of the project were estimated as $1,600,000 for design and permitting, $18,750,000 for optical fiber costs, $4,500,000 for installation and $2,300,000 for testing of the cable.
The Cost Performance Index of the project is currently 1.08.
What is the Estimate At Completion?
a. $25,138,888.89
b. $27,150,000
c. 429,322,000
d. None of the above
Difficult Question 1
The wage rate of the workers is $19.00, Fringe Benefit costs are 25% of the wages and the overhead costs are 70% of the wages plus benefits. What is the "Loaded" hourly rate for these workers?
a. 16.38
b. 40.38
c. 88.38
d. 114.00
Difficult Question 2
Your project exceeded costs in the past caused by an underestimation of resource costs in the cost baseline:
PV: $1,200,000, EV = $1,000,000, AC = $1,200,000
You expect the underestimation to influence the future as much as it did in the past.
If the BTC (Budget to Complete) is at $1,000,000, what should be your new EAC (Estimate at Completion)?
a. $1,800,000
b. $2,000,000
c. $2,200,000
d. $2,400,000
Difficult Question 3
Robert is the project manager for an undersea cable company based in Cyprus. He is managing a project to lay an optical fiber cable from Naples to Palermo. The PMO has asked for an updated estimate of the total cost of the project.At the start of the project, the costs of the project were estimated as $1,600,000 for design and permitting, $18,750,000 for optical fiber costs, $4,500,000 for installation and $2,300,000 for testing of the cable.
The Cost Performance Index of the project is currently 1.08.
What is the Estimate At Completion?
a. $25,138,888.89
b. $27,150,000
c. 429,322,000
d. None of the above
ANSWERS:
Qn1:b
Fringe Benefit = (Wage Rate) * 25% = $4.75
Wage Rate + Fringe Benefit = $19.00 + $4.75 = $23.75
Overhead = (Wage Rate + Fringe Benefit) * 70% = $23.75 * 70% = $16.63
Loaded Hourly Rate = Wage Rate + Fringe Benefit + Overhead = $23.75 + $16.63 = $40.38
So, simply using your calculator, you have to press buttons in the following sequence:
19 + 25 % + 70 % =
or the math sentence can be represented as ($19 * (1+0.25)) * (1+0.7) = 40.375
The answer 40.375 shall be rounded to the nearest larger cent amount: $40.38
Qn2: d
You know your Actual Cost $1,200,000 and Budget To Complete $1,000,000, and you also know that your baseline has a lapse = PV - EV = $1,200,000 - $1,000,000 = $200,000 (you wouldn't have that if estimated properly, right?). So, Estimate at Completion now would be an amended value of the expected cost of completing project work plus the actual cost.
So, EAC = BTC + lapse + AC = $1,000,000 + $200,000 + $1,200,000 = $2,400,000
Qn3: c
In this example, the CPI is not considered abnormal.
Therefore, a formula using CPI can be used.
So we will calculate Estimate At Completion using the formula from scenario two:
Estimate At Completion = Budget At Completion / Cost Performance Index
Knowing this we can calculate: ($1,600,000 + $18,750,000 + $4,500,000 + $2,300,000) / 1.08 = $25,138,888.89
Qn1:b
Fringe Benefit = (Wage Rate) * 25% = $4.75
Wage Rate + Fringe Benefit = $19.00 + $4.75 = $23.75
Overhead = (Wage Rate + Fringe Benefit) * 70% = $23.75 * 70% = $16.63
Loaded Hourly Rate = Wage Rate + Fringe Benefit + Overhead = $23.75 + $16.63 = $40.38
So, simply using your calculator, you have to press buttons in the following sequence:
19 + 25 % + 70 % =
or the math sentence can be represented as ($19 * (1+0.25)) * (1+0.7) = 40.375
The answer 40.375 shall be rounded to the nearest larger cent amount: $40.38
Qn2: d
You know your Actual Cost $1,200,000 and Budget To Complete $1,000,000, and you also know that your baseline has a lapse = PV - EV = $1,200,000 - $1,000,000 = $200,000 (you wouldn't have that if estimated properly, right?). So, Estimate at Completion now would be an amended value of the expected cost of completing project work plus the actual cost.
So, EAC = BTC + lapse + AC = $1,000,000 + $200,000 + $1,200,000 = $2,400,000
Qn3: c
In this example, the CPI is not considered abnormal.
Therefore, a formula using CPI can be used.
So we will calculate Estimate At Completion using the formula from scenario two:
Estimate At Completion = Budget At Completion / Cost Performance Index
Knowing this we can calculate: ($1,600,000 + $18,750,000 + $4,500,000 + $2,300,000) / 1.08 = $25,138,888.89
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