QUESTION 141

You are the project manager of the NHQ Project. This project has a Budget at Completion of $750,000 and is expected to take 18 months to complete. The project is supposed to be 75 percent complete, but due to some errors the project is only 60 percent complete. At this time the project has spent $465,500. Management has asked you to review the project work and report the project’s SPI. What is the SPI for this project?

A. 0.97
B. 0.80
C. $562,500
D. -$112,500

Correct Answer: B

QUESTION 142
You are the project manager of the NHQ project. This project is currently running about 15 percent behind schedule and the management has asked you to rectify the problem. You have elected to crash the project. What does this term mean?

A. Reject all proposed change requests for the project.
B. Add resources to the project work.
C. Add cost to the project budget.
D. Cut non-value added activities to the project.

Correct Answer: B

QUESTION 143
You work as a project manager for BlueWell Inc. By referring to the figure given below, you along with your project team is calculating the latest completion of an activity.

What is the latest your project team can complete Activity I?

A. Day 29
B. Day 26
C. Day 25
D. Day 30

Correct Answer: D

QUESTION 144
You are the project manager for your organization. Management has asked you for this current project. You use the critical chain method to create the project network diagram rather than the more traditional critical path method. What is the critical chain method?

A. It examines only the non-critical path activities that are considered near critical, if the float is one day or less.
B. It examines only the critical path activities to determine when the project completion date may be.
C. It examines the availability of needed project resources to determine when activities may actually happen.
D. It generates a Gantt chart that reflects the availability of project resources and considers working and non-working days for the project.

Correct Answer: C

QUESTION 145
Amy works as a project manager for BlueWell Inc. Her organization wants her to create a new warehouse. Which of the following documents will she create to define the business needs, the project justification, and the current requirements?

A. Project scope
B. Feasibility study
C. Project charter
D. Work breakdown structure

Correct Answer: C

QUESTION 146
You have 83 project stakeholders from all across your organization. Some of the stakeholders, such as functional management, require weekly communication from you, while other stakeholders, such as the end users, only need quarterly progress updates. Where can you record this communication requirements based on your stakeholder analysis?

A. Project communications management plan
B. Project reporting structure
C. Project schedule
D. Project scope management plan

Correct Answer: A

QUESTION 147
You are the project manager of the NHQ project. This project is slightly larger than the TR project, in which you also served as the project manager. You decide to use the actual activity duration of the GTR project as a basis for your current NHQ project. This, you reason, will save time for your project, as the previous project has provided the information. Which one of the following terms best describes the action you are doing in this scenario?

A. You are creating an analogous estimate.
B. You are creating a bottom-up estimate.
C. You are relying on expert judgment.
D. You are creating a rough order of magnitude estimate.

Correct Answer: A

QUESTION 148
You are the project manager of the MQQ project. Unfortunately, this project is not performing well and you must do something to address the problems in your project. Based on your planning for monitoring and controlling project performance, you know that there are three outputs of performance reporting. Which one of the following is the only output that is most appropriate for this poorly performing project?

A. Organizational process assets update
B. Performance reports
C. Performance re-baselining
D. Change requests

Correct Answer: D

QUESTION 149
Gary is the project manager of the NGH project for his organization. He and the project team have created the initial WBS. Before Gary and the project team begin creating the activity list, Gary wants the project team to help him create a unique numbering system for the deliverables identified in the WBS. What numbering system can Gary and the project team apply to the WBS to identify the components of the WBS?

A. Code of accounts
B. Chart of accounts
C. Component numbering
D. Activity linkage sequencing

Correct Answer: A

QUESTION 150
John works as the project manager for Blue Well Inc. He is identifying the phases within the scope of work for the project plan. Which of the following can be categorized as a project phase? Each correct answer represents a complete solution. Choose all that apply.

A. Concrete
B. Pre-construction
C. Engineering
D. Conceptual engineering

Correct Answer: BCD

QUESTION 151
Della works as a project manager for BlueWell Inc. She has asked her assistant Beth to provide activity duration estimate for an activity. Beth provides Della the following estimate chart:
What will be the activity duration according to the PERT three-point analysis?

A. 19
B. 24
C. 29
D. 46

Correct Answer: C

QUESTION 152
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. $787,504
C. $1,312,504
D. $733,456

Correct Answer: B

QUESTION 153
You are the project manager of the NHA Project. This project is expected to last one year with quarterly milestones throughout the year. Your project is supposed to be at the third milestone today, but you are likely to be only 60 percent complete. Your project has a BAC of $745,000 and you have spent $440,000 of the budget-to-date. What is your schedule variance for this project?

A. $11,667
B. 1.02
C. $7,000
D. $-111,750

Correct Answer: D

QUESTION 154
Jeff is the project manager of the GHY Project for his organization. He has created the project network diagram as shown in the figure:

Management is reviewing the network diagram, and they are concerned about the latest date that Activity I can finish. What is the latest day Activity I can finish without affecting the project end date?

A. Day 20
B. Day 22
C. Day 17
D. Day 19

Correct Answer: B

QUESTION 155
You are the project manager for your organization. You have recently noted some risks associated with some of the activities in your project. These risks can have schedule and costs impacts on your project and you need to address the risks through qualitative and quantitative analysis to confirm the depth of possible impact. Where should you document the risk information concerning the activities in your project schedule?

A. Risk management plan
B. Schedule management plan
C. Risk register
D. Activity attributes

Correct Answer: C

QUESTION 156
You are the project manager of the GHY Project. This project is scheduled to last for one year and has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are up posed to be at your second milestone which accounts for half of the project completion. There have been some errors in the project which has caused you to spend $2,073,654. What is this project’s schedule variance?

A. 10 percent
B. -$48,654
C. -$225,000
D. 0.98

Correct Answer: C

QUESTION 157
You are the project manager for your organization. Your current project has a schedule variance of -$37,500 and a schedule performance index of 0.94. What do these values mean in regard to project performance?

A. Your project is likely to be late and over budget.
B. Your project is performing well.
C. Your project has a planned value of $600,000.
D. Your project is six percent off schedule and has a considerable schedule variance.

Correct Answer: D

QUESTION 158
You are the project manager for the NHQ project. The management has reminded you that you must not allocate any project team member for more than 25 hours per work week on your project. This policy is because your organization is in a weak matrix and the project team members are on several projects at once within the organization. The 25-hour limit per resource is an example of which one of the following?

A. Expert judgment
B. Enterprise environmental factor
C. Resource limitation
D. Organizational process asset

Correct Answer: B

QUESTION 159
You are the project manager of the HGH Project. Thomas, your project sponsor, asked you to submit status reports every week, but now he wants you to submit the status reports every other week. What project management plan would you need to update to reflect this change from Thomas?

A. Scope management plan
B. Performance management plan
C. Communications management plan
D. Project management plan

Correct Answer: C

QUESTION 160
Andy is the project manager of the NHGQ project for his organization. He has elected to use a three-point estimate for his project. His project team, however, is complaining about participating in this estimate type because of the time it takes to predict the duration of activities. Andy, as the project manager, tells the project team that they must create the time estimate, as it will help this project and future similar projects. What is a three-point estimate?

A. Each activity must be estimated for its optimistic, pessimistic, and most likely duration.
B. Each activity must be estimated for its optimistic, pessimistic, and most likely duration and then an average for the estimate is created.
C. A three-point estimate, also known as PERT, uses the formula optimistic, plus four times the most likely, plus the pessimistic. This value is then divided by six.
D. A three-point estimate, also known as GERT, uses the formula optimistic, plus four times the most likely, plus the pessimistic. This value is then divided by six.

Correct Answer: C