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  • Exam Number/Code : M05
  • Exam Name : Insurance law (IL) Exam
  • Questions and Answers : 260 Q&As
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M05

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NEW QUESTION: 1
You are the project manager of the NHQ project. Your project has a budget of $1,258,456, and is scheduled to last for three years. Your project is currently forty percent complete though it should be forty-five percent complete. In order to reach this point of the project, you have spent $525,000. Management needs a performance report regarding the NHQ project. Management is concerned that this project will be over budget upon completion. Management would like to create a report telling them how much more the project will need to complete. What value should you tell management?
A. $566,305
B. $733,456
C. $1,312,504
D. $787,504
Answer: D
Explanation:
The project will need $787,504 more to complete. This formula, the estimate to complete, is estimate at completion minus the actual costs. Here, CPI = EV/AC =(0.40*1,258,456)/525000= 0.95882, and ETC = EAC - AC = (BAC/CPI) - AC =(1,258,456/0.95882) - 525000 = 1,312,504- 525000 = 787,504 The estimate to complete (ETC) is the expected cost needed to complete all the remaining work for a scheduled activity, a group of activities, or the project. ETC helps project managers predict what the final cost of the project will be upon completion. The formula for the ETC is EAC- AC. The EAC is BAC/CPI. Answer option C is incorrect. This is the estimate at completion. Answer option A is incorrect. This is the planned value. Answer option D is incorrect. This is not a valid value based on the current project performance.

NEW QUESTION: 2
Within building automation hardware systems, there is a hierarchical system of micro processor based controllers. Which type of controller is used to provide limited port capacity for connection of sensors, support, and execution of DDC programs, and usually operates in stand alone mode?
A. Management level processor
B. Protocol management system
C. DDC manager
D. Field level controller
E. System level controller
Answer: D

NEW QUESTION: 3
Which of the following are valid options for scaling queues? (Choose three.)
A. Distributing messages across multiple queues
B. Automatically scaling VMs based on queue metrics
C. Automatically scaling websites based on queue metrics
D. Automatically scaling cloud services based on queue metrics
Answer: A,B,D

 

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Quiz 2025 CII Trustable M05: Insurance law (IL) Exam Reliable Exam Simulator - Cads-Group


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