A status report shows that the earned value is $50,000, the planned value is $40,000, and actual costs are $45,000. Which of the following is the SPI of the project, and is the project ahead or behind schedule?
A. SPI = 0.89, ahead of schedule
B. SPI = 0.90, behind schedule
C. SPI = 1.11, behind schedule
D. SPI = 1.20, ahead of schedule
During a project, which of the following shows when risks should be reassessed?
A. A risk reassessment should occur at project closeout
B. Risks should be reviewed during lessons learned
C. Throughout the project lifecycle
D. When a risk has become an issue and has to be acted upon
A project has 45 lines of communication. Which of the following shows how many stakeholders does the project have?
A. 5
B. 9
C. 10
D. 15
A project manager has inherited a project that is $5 million over budget. Which of the following would the project manager do to help determine the root cause of the budget overrun?
A. Ensure the project plan reflects all tasks were documented during planning
B. Review the change control log
C. Perform qualitative risk analysis
D. Review if the project has maintained alignment with the scope
Which of the following statements is considered a project management best practice?
A. Project initiation occurs before project planning begins
B. When execution begins, monitoring and controlling begins
C. Completion of the charter is the first deliverable of project planning
D. Each of the five process groups within the project management life cycle should be completed consecutively
Given the schedule estimates of Best Case = 2 days, Worst Case = 12 days, and Most Likely = 4 days, calculate PERT.
A. 4 days
B. 5 days
C. 6 days
D. 8 days
The stakeholder has notified the project manager that new priorities have caused them to shift all of the business subject matter expert resources to a new project for one year. The BEST course of action for the project manager is:
A. Phase gate review.
B. Project cancellation.
C. Project completion.
D. Stage completion.
For planning purposes, assumptions are:
A. used to resolve constraints.
B. considered true without demonstrated proof.
C. only used during the initiation of a project.
D. resolved as the project is progressively elaborated.
The BEST time to communicate stakeholder expectations to the project team is:
A. During bi-weekly status meetings.
B. During the project kick-off meeting.
C. During the development of the work breakdown structure.
D. At regular intervals as defined in the communications management plan.
A project charter should allow the approver to easily identify which of the following?
A. The specific budget needed to complete the project.
B. How the risk management plan will be mitigated.
C. The project's problem statement.
D. How the resources for the project will be assigned.
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