Question 1

Identify a different key success driver and inhibitor for the project stages of formation, build-up, main phase, and close-out.

Accepted Answer

There is considerable overlap in many of the key success drivers and inhibitors for project success. The presence of team and personal motivation and top management support appear throughout all of the phases of successful projects. Poor leadership and an unmotivated team are equally popular in each phase of a failed project. The breakdown in its entirety appears in the table.

Question 2

Use this earned schedule table to determine the earned schedule for this project at the end of Month 6.

Accepted Answer

A)  2.93 
B)  2.74 
C)  2.38 
D)  2.26 
A)  2.93 
B)  2.74 
C)  2.38 
D)  2.26 D

Question 3

Knowing the correct steps to take once problems develop is a function of a team's:

Accepted Answer

A)  Communication ability. 
B)  Technical task ability. 
C)  Troubleshooting ability. 
D)  Client acceptance ability. 
A)  Communication ability. 
B)  Technical task ability. 
C)  Troubleshooting ability. 
D)  Client acceptance ability. B

Question 4

Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks.

Accepted Answer

The project experiences positive varianc

Question 5

Each activity contained a series of milestones that represented a previously agreed-upon amount of work. Once the low graffiti was erased, 35% of the activity had been completed and once the mid-level graffiti was erased, 70% of the activity had been completed. This project manager was clearly in the:

Accepted Answer

A)  Percentage complete camp. 
B)  Micromanagement camp. 
C)  35/70 camp. 
D)  3K specifications camp. 
A)  Percentage complete camp. 
B)  Micromanagement camp. 
C)  35/70 camp. 
D)  3K specifications camp.

Question 6

A recurring problem with establishing accurate or meaningful EVM results has to do with:

Accepted Answer

A)  The 0/100 rule. 
B)  Over-reliance on the S-curve. 
C)  The need to recognize the human factor. 
D)  The need to satisfy stakeholders within budget and time parameters. 
A)  The 0/100 rule. 
B)  Over-reliance on the S-curve. 
C)  The need to recognize the human factor. 
D)  The need to satisfy stakeholders within budget and time parameters.

Question 7

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an ongoing project.

Accepted Answer

A) True 
 B)False

Question 8

Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars.

Accepted Answer

A)  1.14 
B)  0.88 
C)  0.94 
D)  0.81 
A)  1.14 
B)  0.88 
C)  0.94 
D)  0.81

Question 9

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

Accepted Answer

A) True 
 B)False

Question 10

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

Accepted Answer

A)  A metric system. 
B)  Goal-performance linkage. 
C)  Five degrees of separation. 
D)  Gap analysis. 
A)  A metric system. 
B)  Goal-performance linkage. 
C)  Five degrees of separation. 
D)  Gap analysis.

Question 11

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Accepted Answer

A)  The project never experiences negative variance. 
B)  With regards to budget, the project starts badly but finishes well 
C)  With regards to budget, the project starts well but finishes badly. 
D)  The project is in a constant state of positive variance. 
A)  The project never experiences negative variance. 
B)  With regards to budget, the project starts badly but finishes well 
C)  With regards to budget, the project starts well but finishes badly. 
D)  The project is in a constant state of positive variance.

Question 12

Inspired by his trip to Greece, the gentleman farmer decided he needed a Mykonos-style windmill pumping a pond for his sheep and orchard. His earned value table for the project appears below. At the end of June, what was the estimated time to completion and the estimated cumulative cost to completion?

Accepted Answer

At the end of June, the PV=5950; EV=5,17

Question 13

Use this earned schedule table to determine the schedule performance index (t) for this project at the end of Month 6.

Accepted Answer

A)  0.71 
B)  0.54 
C)  0.38 
D)  0.21 
A)  0.71 
B)  0.54 
C)  0.38 
D)  0.21

Question 14

-Use the S-curve to choose the BEST statement about the project it describes. The horizontal axis is in weeks.

Accepted Answer

A)  More time passes from weeks 5 to 10 than from weeks 20 to 25. 
B)  More time passes from $50,000 to $60,000 than from $5,000 to $10,000. 
C)  More money is spent from weeks 0 to 10 than from weeks 30 to 40. 
D)  The total amount spent on the project at the end of the 40th week is approximately $110,000. 
A)  More time passes from weeks 5 to 10 than from weeks 20 to 25. 
B)  More time passes from $50,000 to $60,000 than from $5,000 to $10,000. 
C)  More money is spent from weeks 0 to 10 than from weeks 30 to 40. 
D)  The total amount spent on the project at the end of the 40th week is approximately $110,000.

Question 15

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Accepted Answer

A)  The project is further ahead of budget from weeks 36 through 40 than from weeks 8 through 12. 
B)  The project never experiences negative variance. 
C)  The project is further behind budget from weeks 0 through 16 than from 24 through 40. 
D)  The project is in a constant state of positive variance. 
A)  The project is further ahead of budget from weeks 36 through 40 than from weeks 8 through 12. 
B)  The project never experiences negative variance. 
C)  The project is further behind budget from weeks 0 through 16 than from 24 through 40. 
D)  The project is in a constant state of positive variance.

Question 16

At the end of week 10, this project has cost $9,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Accepted Answer

A)  2.5 
B)  2.1 
C)  1.8 
D)  1.5 
A)  2.5 
B)  2.1 
C)  1.8 
D)  1.5

Question 17

Use the data to calculate the schedule performance index for the project for the end of week 10. All amounts are in thousands of dollars.

Accepted Answer

A)  1.24 
B)  0.93 
C)  0.81 
D)  0.76 
A)  1.24 
B)  0.93 
C)  0.81 
D)  0.76

Question 18

Use the information in the table regarding this seven-month project to create two plots. The first plot should be the S-curve for Earned Value. Indicate on this plot whether the project is ahead or behind schedule and by how much. The second plot should be the Earned Schedule and the Estimate at Completion for Time. Comment on the symmetry of this graph and whether you would expect a similar plot from any other project to exhibit similar characteristics.

Accepted Answer

The Earned Schedule table appears below.

Question 19

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

Accepted Answer

A)  $38,500 
B)  $46,550 
C)  $56,750 
D)  $61,125 
A)  $38,500 
B)  $46,550 
C)  $56,750 
D)  $61,125

Question 20

The first step in earned value management is to:

Accepted Answer

A)  Create the activity and resource usage schedules. 
B)  Develop a time-phased budget that shows expenditures across the project's life. 
C)  Total the actual costs of doing each task to arrive at the actual cost of work performed. 
D)  Clearly define each activity that will be performed including its resource needs and budget. 
A)  Create the activity and resource usage schedules. 
B)  Develop a time-phased budget that shows expenditures across the project's life. 
C)  Total the actual costs of doing each task to arrive at the actual cost of work performed. 
D)  Clearly define each activity that will be performed including its resource needs and budget.

Identify a different key success driver and inhibitor for the project stages of formation, build-up, main phase, and close-out.

Use this earned schedule table to determine the earned schedule for this project at the end of Month 6.

Knowing the correct steps to take once problems develop is a function of a team's:

Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks.

A recurring problem with establishing accurate or meaningful EVM results has to do with:

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an ongoing project.

Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars.

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Use this earned schedule table to determine the schedule performance index (t) for this project at the end of Month 6.

-Use the S-curve to choose the BEST statement about the project it describes. The horizontal axis is in weeks.

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

At the end of week 10, this project has cost $9,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Use the data to calculate the schedule performance index for the project for the end of week 10. All amounts are in thousands of dollars.

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

The first step in earned value management is to:

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Closeout and Termination

Filters

Exam 13: Project Evaluation and Control

Identify a different key success driver and inhibitor for the project stages of formation, build-up, main phase, and close-out.

Use this earned schedule table to determine the earned schedule for this project at the end of Month 6.

Knowing the correct steps to take once problems develop is a function of a team's:

Use the S-curves for this project to create a table showing budgeted and actual expenses and variance in thousands of dollars and comment on the project's performance. The horizontal axis is in weeks.

A recurring problem with establishing accurate or meaningful EVM results has to do with:

The project implementation profile assesses the performance of the project team with respect to 10 critical success factors and can be used on an ongoing project.

Use the data to calculate the schedule performance index for the project for the end of week 20. All amounts are in thousands of dollars.

The earned value of a project is the cumulative total costs incurred in accomplishing the various work packages.

A measurement process that determines the project goals and then the degree to which the actual performance lives up to these goals is:

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

Use this earned schedule table to determine the schedule performance index (t) for this project at the end of Month 6.

-Use the S-curve to choose the BEST statement about the project it describes. The horizontal axis is in weeks.

Use the S-curve where the solid line is actual cost and the dashed line is budgeted cost to choose the BEST statement.

At the end of week 10, this project has cost $9,000 and has an earned value as indicated in the table. Use the data to calculate the cost performance index for the project. All amounts are in thousands of dollars.

Use the data to calculate the schedule performance index for the project for the end of week 10. All amounts are in thousands of dollars.

Use the data to calculate the earned value for the project. All amounts are in thousands of dollars.

The first step in earned value management is to:

Introduction: Why Project Management

The Organizational Context: Strategy, Structure, and Culture

Project Selection and Portfolio Management

Leadership and the Project Manager

Scope Management

Project Team Building, Conflict, and Negotiation

Risk Management

Cost Estimation and Budgeting

Project Scheduling: Networks, Duration Estimation, and Critical Path

Project Scheduling: Lagging, Crashing, and Activity Networks

Advanced Topics in Planning and Scheduling: Agile and Critical Chain

Resource Management

Project Closeout and Termination

Filters