PMI-RMP Exam - Topic 10 Question 69 Discussion

Actual exam question for PMI's PMI-RMP exam

Question #: 69
Topic #: 10

A project baseline included a budget of USS900 million and a 12-month schedule. Three months into the project a risk manager collected performance data on the project expenditure showing an actual cumulative lost.

What should the risk manager use to ascertain the cost performance risk?

APolitical, economic social, technological legal and environmental (PESTLE) analysis

BSentiment analysis

CVariance analysis

DCluster analysis

Show Suggested Answer

Suggested Answer: A

by Solange at Dec 22, 2023, 12:44 AM

Limited Time Offer

25%

Off

Get Premium PMI-RMP Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Edna

3 months ago

I can't believe they haven't used variance analysis sooner!

upvoted 0 times

...

Romana

3 months ago

Cluster analysis seems irrelevant for cost performance.

upvoted 0 times

...

Felix

3 months ago

Wait, isn't PESTLE more about external factors?

upvoted 0 times

...

Hillary

3 months ago

I agree, variance analysis gives clear insights into cost performance.

upvoted 0 times

...

Robt

3 months ago

Variance analysis is definitely the way to go here.

upvoted 0 times

...

Twila

4 months ago

Cluster analysis seems off for this context; I feel like it’s more for grouping data rather than evaluating cost performance.

upvoted 0 times

...

Leatha

4 months ago

I practiced a similar question, and I think variance analysis was highlighted as a key tool for assessing cost risks in projects.

upvoted 0 times

...

Delsie

4 months ago

I'm not entirely sure, but I remember something about PESTLE analysis being more about external factors rather than cost performance.

upvoted 0 times

...

Kristeen

4 months ago

I think variance analysis might be the right choice here since it helps in measuring the difference between planned and actual performance.

upvoted 0 times

...

Shonda

4 months ago

Cluster analysis seems off for this scenario; I don't recall it being relevant to cost performance risks in our studies.

upvoted 0 times

...

Blossom

5 months ago

I practiced a similar question where variance analysis was used to assess cost risks, so I feel like that's the best option.

upvoted 0 times

...

Arlie

5 months ago

I'm not entirely sure, but I remember something about PESTLE analysis being more about external factors rather than cost performance.

upvoted 0 times

...

Bernardo

5 months ago

I think variance analysis might be the right choice here since it helps in comparing planned versus actual performance.

upvoted 0 times

...

Brittani

5 months ago

I'm a bit confused by all the options presented here. PESTLE, sentiment analysis, cluster analysis - those don't seem directly relevant to evaluating cost performance risk. I think I'll eliminate those and focus on the more obvious choice of variance analysis to assess the project's cost performance based on the expenditure data provided.

upvoted 0 times

...

Nickole

5 months ago

Okay, I've got this. The question is asking about assessing cost performance risk, so I'm going to go with variance analysis. That will allow me to compare the actual expenditures to the planned budget and identify any significant deviations that could indicate cost overrun risks.

upvoted 0 times

...

Flo

5 months ago

Hmm, this is a tricky one. There are a few different analysis techniques mentioned, and I'm not sure which one would be most appropriate here. I think I'd need to review the definitions of each method to determine which one best fits the scenario of assessing cost performance risk based on the project expenditure data.

upvoted 0 times

...

Berry

5 months ago

This seems like a straightforward question about project performance analysis. I'd focus on the key information provided - the project baseline, the actual expenditure data, and the need to assess cost performance risk. Variance analysis looks like the best option to compare the actual costs to the planned budget.

upvoted 0 times

...

Dahlia

5 months ago

This question seems a bit tricky. I'll need to carefully read through the options and think about the key features of the VP96 series MCU GE1 network port.

upvoted 0 times

...

Moira

5 months ago

I'm a bit confused—does a 10 dB difference really mean one location is significantly stronger than another? I'll have to review that again.

upvoted 0 times

...

Pearline

5 months ago

This seems straightforward, I think I can handle this one.

upvoted 0 times

...

Cassie

5 months ago

Okay, let's see. Caustic solutions can definitely cause corrosion, so that's a good starting point. The high temperature is also a factor that could accelerate things. I'm leaning towards C, but I want to double-check my understanding before answering.

upvoted 0 times

...

Lynda

5 months ago

I remember we talked about failure being related to the loss of containment in class. That seems to fit this question.

upvoted 0 times

...

Yuette

10 months ago

Sentiment analysis? That's like using a crystal ball to predict the weather. Variance analysis is the way to go, folks. It's the Swiss Army knife of project management tools.

upvoted 0 times

Catarina

8 months ago

I always rely on variance analysis to keep the project on track. It's a lifesaver.

upvoted 0 times

...

Howard

9 months ago

So true, it's like a crystal ball that shows you where the risks are lurking.

upvoted 0 times

...

Bong

9 months ago

I agree, it's like having a magic wand to see where things are going off track.

upvoted 0 times

...

Jonell

9 months ago

Variance analysis is definitely the way to go. It gives a clear picture of cost performance.

upvoted 0 times

...

Derick

10 months ago

Cluster analysis? What is this, a high school science fair project? Variance analysis is the only way to get a clear picture of the cost performance risk. Anything else is just a distraction.

upvoted 0 times

Andree

8 months ago

I agree, variance analysis is the most effective method to ascertain cost performance risk.

upvoted 0 times

...

Rebecka

8 months ago

Cluster analysis might not be the best approach for this situation. Variance analysis is more reliable.

upvoted 0 times

...

Suzan

8 months ago

Variance analysis is definitely the way to go. It gives a clear picture of cost performance risk.

upvoted 0 times

...

Maybelle

11 months ago

I'm not sure, but I think PESTLE analysis could also be useful in assessing the cost performance risk.

upvoted 0 times

...

Dierdre

11 months ago

I agree with Tarra, variance analysis would provide insights into the project's cost performance.

upvoted 0 times

...

Verona

11 months ago

PESTLE analysis? Really? That's like trying to fix a leaky faucet with a sledgehammer. Variance analysis is the way to go, no doubt about it.

upvoted 0 times

Von

9 months ago

Variance analysis is the way to go, no doubt about it.

upvoted 0 times

...

Jessenia

9 months ago

PESTLE analysis? Really? That's like trying to fix a leaky faucet with a sledgehammer.

upvoted 0 times

...

Ronnie

9 months ago

Variance analysis is the way to go, no doubt about it.

upvoted 0 times

...

Polly

10 months ago

PESTLE analysis? Really? That's like trying to fix a leaky faucet with a sledgehammer.

upvoted 0 times

...

Tarra

11 months ago

I think the risk manager should use variance analysis to ascertain the cost performance risk.

upvoted 0 times

...

France

11 months ago

I'm not sure, but I think PESTLE analysis could also be useful in understanding the external factors affecting cost performance.

upvoted 0 times

...

Jerrod

11 months ago

Ah, variance analysis - the trusty tool to uncover the cost performance risk. Gotta love how it cuts through the data like a hot knife through butter!

upvoted 0 times

...

Ciara

11 months ago

I agree with Novella, variance analysis would be the best option to analyze the cost performance risk.

upvoted 0 times

...

Novella

11 months ago

I think the risk manager should use variance analysis to ascertain the cost performance risk.

upvoted 0 times

...