please answer corectly?

Question

1.Project costs are over budget when

a. CPI <1>

b. CPI > 1

c. CPI <0>

d. SPI = 1

2.Diane was so concered about her project that she woke up dreaming about it. She thought to herself, "Well, our EV is 2, our AC is 4 and our PV is 6 so that means
Answer:
a. our productivity was less than planned

b. our cost variance is negative

c. our cost estimate at completion is 6

d. a, c, and d

e. our CPI and SPI are both positive

3.There are usually two types of reserves in a project's budget. The _____ reserve is for cost variances from the plan because of inaccurate estimates or pricing and costs overruns, while the ____ is to accommodate costs for project work that were not included in the plan through error or oversight.
Answer:
a. engineering; management allowance

b. management; contingency allowance

c. project; budget overrun allowance

d. management; mismanagement allowance

Answer 1

1. Project cost over budget when CPI <1 because
CPI = Earned Value / Actaul Cost < 1
(answer a)

2. EV is 2, our AC is 4 and our PV is 6
EV < AC (CPI <1, cost variance = EV - AC = negative)
EV < PV (SPI < 1, productivity was less than planned)
(Answer a, b, e)

3. Answer b (management; contingency allowance)

Answer 2

I don't think this question should be in the math category, more of a business question or something like that, no math involved....