Daily Quiz 19 Dec 2019

A parking lot fencing project was bid at US $11 per foot, and one company is doing all the work. The parking lot has four equal sides of 125 feet and requires the installation of a six-foot diameter culvert on one side. Fencing should be installed at a rate of 100 feet per day. The culvert installation will cost US $500 and take one day to complete. The culvert must be installed before work can begin on that side of the fence. After three days of work, one side is complete, another has 75 feet installed, and the culvert is completely installed. So far, $2,700 of the total project budget has been used. What is the current status of the project?

A. The budget is neutral with a cost variance of $0.
B. It is over budget, with a cost variance of -$1,100.
C. It is over budget with a cost variance of +$125.
D. It is under budget, with a cost variance of +$500 due to the completion of the culvert installation.

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For all PMI® certification holders:

All PMP®, PgMP®, PfMP®, PMI-ACP®, PMI-RMP®, PMI-SP®, PMI-PBA® must earn PDUs to actively maintain their certification(s). These PDUs can be earned through various professional development activities that center on one of two areas:

Education: Learning opportunities that allow you to expand and enhance your technical, leadership, or strategic and business management skills.
Giving back to the Profession: Activities that enable you to share and utilize your knowledge and skills as a means to contribute to and help build the profession.

There are different CCR requirements for each PMI® certification:

PMP®/PgMP®/PMI-PBA® Certification: requires 60 PDUs to keep PMP®/PgMP® certificate in good standing for every 3-year certification cycle.There is no limit on the number of PDUs that can be earned in education, and the minimum number of PDUs in education is 35.
PMI-RMP®/PMI-ACP® Certification: requires 30 PDUs to keep PMI-RMP®/PMI-ACP® certificate in good standing for every 3-year certification cycle. There is no limit on the number of PDUs that can be earned in education, and the minimum number of PDUs in education is 18.

IMT-PM, the global PMI R.E.P. #4760, offers various all-in-one PDU Bundles for PMP®/ PgMP®/ PMI-ACP®/ PMI-RMP® Renewal. Our best sellers are:

For PMP Aspirants:

To be eligible for the PMP® certification, you must complete 35 contact hours of formal education in project management.
IMT-PM, the global PMI R.E.P. #4760, offers various courses for PMP® Exam Preparation to help you earn 35 PDUs (i.e. 35 pre-approved contact hours) as follows:

Source: PMI’s Continuing Certification Requirements (CCR) Handbook.