A project manager is reviewing her project performance. Her project has a BAC of $950,000 and is currently 40 percent complete, though it was scheduled to be 45 percent complete at this time. Her project has spent $387,526. Management would like to know if there is a schedule variance. What is the planned value for this project?
A. -$47,500
B. 0.89
C. $427,500
D. 0.98
Correct Answer: C
The planned value is the percentage of where the project should be times the budget at completion. In this instance, it is 45 percent of the $950,000. Here, it can be calculated as follows: PV = 45% of BAC = 0.45 * 950,000 = 427,500 Planned value (PV) is the authorized budget assigned to the schedule work to be accomplished for a schedule activity or work breakdown structure component. It serves as a baseline against which actual performance is measured. The theory of planned value is of vital importance to the project management team and it is important to keep careful track of this. The term planned value can also be in some situations referred to by the project management team and the project management team leader as the budgeted cost of work scheduled (BCWS). Answer option A is incorrect. -$47,500 is the schedule variance (SV = EV-PV). Answer option B is incorrect. This is the schedule performance index (SPI = EV/PV). Answer option D is incorrect. This is the cost performance index (CPI = EV/AC).
Question 62:
You work as a project manager for BlueWell Inc. You must communicate on a regular basis with all of your project stakeholders. In your project, you have 755 stakeholders. How many communication channels exist in the project?
A. 284,635
B. 570,025
C. 569,270
D. 755
Correct Answer: A
The number of communication channels describes the number of opportunities for stakeholders to communicate amongst themselves and for communication to be broken down. To find the number of communication channels, you can use the formula of N(N-1)/2 where N represents the number of stakeholders. Total number of communication channels = N(N-1)/2 = 755(755-1)/2 = 284,635 Answer option D is incorrect. This is the number of stakeholders. Answer option C is incorrect. 569,270 is not a valid calculation of this formula. Answer option B is incorrect. 570,025 is not a valid calculation of this formula.
Question 63:
You work as a scheduler for your organization. You are developing a schedule and its constraints for the SAP project. There are nine inputs to develop a project schedule. Which of the following is NOT an input to the schedule development process?
A. Work breakdown structure
B. Activity attributes
C. Resource calendars
D. Activity list
Correct Answer: A
The WBS is not an input, directly, to the develop schedule process. Technically, you will need the scope baseline, which does include the WBS. The inputs in developing a schedule process are of nine types, which are as follows:
Activity list
Activity attributes
Project schedule network diagrams
Activity resource requirements
Resource calendars
Activity duration estimates
Project scope statement
Enterprise environmental factors
Organization process assets
Question 64:
The figure given below demonstrates the communication model for a project. What role does the component D play in the communication model?
A. Sender
B. Medium
C. Encoder
D. Transporter
Correct Answer: B
The phone lines are the medium between the sender/encoder and the decoder/receiver. The communication model shows the traversal of information between two hosts, known as the sender and the receiver. The key components of the model are as follows: Encode: It is used to crypt or code the message into a language that is understood by others. Decode: It is used to decrypt the message back into the meaningful codes. Message and feedback message: It is the output of encoding. Noise: It is referred to anything, which interferes with the transmission and understanding of the message. Medium: It is the method used to convey the message. In the communication process, it is the duty of the sender to send clear and complete information to the receiver so that it is properly received by the receiver, and for confirming that it is properly understood. The duty of the receiver is to make sure that the information received is understood and acknowledged properly. A failure in communication can negatively impact the project. Answer option A is incorrect. The sender is the person sending the message. Answer option C is incorrect. The encoder is the outgoing fax machine. Answer option D is incorrect. The transporter is not part of the communication model.
Question 65:
You are the project manager of the GYG Project. A new scope change is being considered for your project. You are concerned, however, that the scope change may add costs, risks, and adversely affect the project schedule. What project management process is responsible for evaluating the full effect of a proposed scope change on your project?
A. Scope change control
B. Schedule change control
C. Integrated change control D. Change Control Board approval process
Correct Answer: C
The integrated change control process reviews proposed changes and determines what effect the change will have on the entire project. This includes scope, time, cost, quality, human resources, communication, risk, and procurement.
Integrated change control is a way to manage the changes incurred during a project. It is a method that manages reviewing the suggestions for changes and utilizing the tools and techniques to evaluate whether the change should be
approved or rejected. Integrated change control is a primary component of the project's change control system that examines the affect of a proposed change on the entire project.
Answer option A is incorrect. Scope change control focuses only on the effect of the change on the project scope.
Answer option B is incorrect. Schedule change control focuses only on the effect of the change on the schedule.
Answer option D is incorrect. The Change Control Board is a committee of key stakeholders, usually management, the project manager, and the project customer, to evaluate proposed changes. This board, however, is not a project process.
Question 66:
You are the project manager of the NNN Project. Stakeholders in the two-year project have requested to send status reports to them via email every week. You have agreed and are sending the reports on each Thursday. After six months of the project, the stakeholders are pleased with the project progress and they would like you to reduce the status reports to every two weeks. What process will examine the change to this project process and implement it in the project?
A. Project change control process
B. Perform integrated change control process
C. Configuration management
D. Communications management
Correct Answer: B
Although this appears to be a simple change the project manager must still follow the rules of the project's change control system. Perform Integrated Change Control is the process of reviewing all change requests, approving changes, and controlling changes to the deliverables and organizational process assets in a project. Perform Integrated Change Control has to do with influencing the things that cause change, determining that the change is required or has happened, and managing the change. Answer option D is incorrect. Communications management is the execution of the communications management plan. Answer option A is incorrect. The project change control process not valid as it's the parent of the integrated change control process, which is more accurate for this question. Answer option C is incorrect. Configuration management is the documentation and control of the product's features and functions.
Question 67:
You are the project manager of the NNN Project. Stakeholders in the two-year project have requested to send status reports to them via email every week. You have agreed and are sending the reports on each Thursday. After six months of the project, the stakeholders are pleased with the project progress and they would like you to reduce the status reports to every two weeks. What process will examine the change to this project process and implement it in the project?
A. Project change control process
B. Perform integrated change control process
C. Configuration management
D. Communications management
Correct Answer: B
Although this appears to be a simple change the project manager must still follow the rules of the project's change control system. Perform Integrated Change Control is the process of reviewing all change requests, approving changes, and controlling changes to the deliverables and organizational process assets in a project. Perform Integrated Change Control has to do with influencing the things that cause change, determining that the change is required or has happened, and managing the change. Answer option D is incorrect. Communications management is the execution of the communications management plan. Answer option A is incorrect. The project change control process not valid as it's the parent of the integrated change control process, which is more accurate for this question. Answer option C is incorrect. Configuration management is the documentation and control of the product's features and functions.
Question 68:
Harry works as a project manager for BlueWell Inc. He is determining the budget of the project. According to the PMBOK, there are seven inputs to this process. Which one of the following is NOT an input to the determine budget process?
A. Contract
B. Reserve analysis
C. Scope baseline
D. Project schedule
Correct Answer: B
Reserve analysis is not an input to the determine budget process. It is a technique used for determining the budget. The inputs to the determine budget process are as follows: Activity cost estimates Basis of estimates Scope baseline Project schedule Resource calendars Contracts Organizational process assets
Question 69:
Robert is the project manager for his organization. Management has asked Robert to provide them with the metric he uses to measure deliverables status, costs incurred, and especially how he measures the schedule progress for schedule adherence. What project component could Robert provide for management?
A. Milestone list
B. Cost management and the project schedule
C. Work performance measurements
D. Project management plan
Correct Answer: C
Work performance measurements are metrics that are defined to collect performance and progress of the project. Typical metrics are deliverables, schedule, and costs, though additional metrics, such as quality, can be added. Work performance measurements are created from the work performance information. WPMs are an output of Control schedule, Control cost, and Control scope processes, which are monitoring and controlling processes. WPMs consist of planned versus actual performance indicators with respect to scope, schedule, and cost. They are documented and communicated to the stakeholders and are used to make project activity metrics, such as the following: Planned vs. Actual Technical performance and Scope performance Planned vs. Actual Schedule performance Planned vs. Actual Cost performance Answer option D is incorrect. The project management plan is too broad and is not the best choice. Answer option B is incorrect. The cost management plan and the project schedule would not provide all the information that management has requested. Answer option A is incorrect. The milestone list does not include performance metrics.
Question 70:
You are the project manager for the NGH project. The figure given below represents the small project you are completing for your organization.
How much float can you use on Activity G if Activity B actually takes eight days to complete?
A. Four
B. Three
C. Seven
D. Zero
Correct Answer: D
If Activity B uses seven days of float, which it can, it does not allow Activity D, G, or J to have any float available. This is because the total duration of path ABDGJK cannot exceed 30 days, the duration of the project. If Activity B uses the seven days of float, then the path meets the project's duration at Day 30. Answer options B and A are incorrect. These are not the valid calculation. Answer option C is incorrect. Seven represents the amount of float available on Activity G before Activity B uses the available float.
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