Random CAPM 60

The time phased budget that will be used to measure and monitor cost performance on a project is the:

A contractor's deliverable has been delayed 30 days. The process of determining how this event will affect the project schedule is called risk:

The main difference between the two types (ADM and PDM) of the critical path method (CPM) of scheduling

Scenario

Project justification and background
Scope and objectives of the project
Organizational relationships and responsibilities
Description of project managers‟ authority
Resources availability
High level project schedule and costs
Major milestones
Management approval

What project document may contain a table of contents similar to the sample list above?

The fast tracking  method of schedule compression, which is  frequently used on projects today, usually involves:

Which of the following choices would be an acceptable cause for rebaselining a $10 million project?

Configuration management is any documented procedure used to apply technical administrative direction and surveillance to:

The measure used to forecast project cost at completion is:

Scenario:

A project manager loads tasks, effort estimates, assignments, and task dependencies into project planning software. The resulting plan has many tasks starting on Day 1 of the project that are assigned to Susan Jones. These tasks have no functional dependencies (i.e., they are not required to be completed in any particular order.) The plan shows that Susan will be working 15 hours per day

What should the project manager do first in responding to the above scenario?

In the earned value system, cost variance is computed as:

Life cycle costing:

How many hours in a work week does a typical manager spend in the act of communicating?

When assigning tasks to team members, which of the following strategies are appropriate?

Scenario:

The Great Sound company uses a project development strategy of concurrent engineering. Susan Johnson is managing a project to develop a new small CD ROM player designed for joggers. Susan has noted that previous projects have experienced delays in getting products out of the design phase into production because the engineers and the marketing department keep changing/improving the design.

In the above sample scenario, what strategy should Susan use to keep the project on schedule?

A Gantt chart is useful in determining:

All of the following assist in determining the impact of a scope change EXCEPT:

Of the following four major processes contained in project cost management, which of the following choices would be concerned with the cost baseline?

Ideally, communication between the project manager and the project team members should take place:

Of the following conflict management approaches, which is believed to lead to the LEAST enduring positive results?

Communication is the prime responsibility of a project:

Scenario:

Susan is assigned the following project which is comprised of three tasks. These tasks are not dependent on each other and all tasks are equal priority. The effort, duration, and percentage time Susan will devote to the tasks are listed below. Susan decides to level her effort to avoid working more than eight hours per day.
Task Effort Duration Time
Review Background Materials 2 days 2 days 100%
Interview Clients 1 day 4 days 25%
Setup Project Directory I day I day 100%

In the sample scenario above, what are the total number of days for this project after Susan levels her effort?

Earned value can best be defined as:

A project's payback period ends when:

If PV (BCWS) = 100, EV (BCWP) = 98, and AC (ACWP) = 104, the project is:

If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the schedule variance?

Parametric cost estimating involves:

A KEY activity for achieving customer satisfaction is to define:

In which project phase do you have the GREATEST influence on project risk?

The subprocesses of a project are linked by one subprocess providing an output that feeds one or more subprocesses as an input. Thus, subprocess are defined by PMI as  having an input,________,, and an output.

Which of the following strategies will be most helpful in developing a good client relationship?

What is the difference between the project plan and the performance measurement baseline?

Scenario :

The Delphi technique is a risk identification method used by project  managers to poll expert advice.

In the above sample scenario, what is a key characteristic of the Delphi technique ?

Scenario:

Company XYZ has a fixed price contract to produce 10,000 widgets for a price of $100,000. An invoice will not be generated until all widgets are completed. The budgeted cost of manufacturing the widgets is $9 per widget. All widgets were to be completed by today. Unfortunately, the project is behind schedule, and only 9,000 widgets have been completed. Actual manufacturing costs to date are $90,000.

In the above scenario, what is the earned value as of today?

Which of the following statements would be most likely to be associated with a compromise style of conflict resolution?

Scenario:

One of the items which the project manager was asked to include in his project plan was a WBS. He was told to begin by assigning cost estimates for each of the lowest level elements of the WBS  and then aggregating the individual estimates.

This method is considered -

As part of the quality audit, the scope statement is checked against the work results to ensure the conformance to the customer  requirements. The results should be documented and used for:

What is a common complaint regarding iterative development methodologies, e.g., building a system through cyclical iterations?

What is a category or rank given to entities having the same functional use but different requirements for quality?

Project cost management includes all of the following functions except:

Scenario:

The Great Sound company, a consumer electronics manufacturer, has adopted a project development strategy of concurrent  engineering. Marketing, engineering, and production activities will occur simultaneously.

In the above sample scenario, what is a benefit of the concurrent engineering approach?

You are the project manager and responsible for quality audit. You have been accused for being a fanatic because of your practice of conducting not one, but multiple, quality audit on a project. Which one of the following types of audits is not an example of a quality audit?

Scenario:

John Jones hired the ABC Construction Company to build a new office building. The contract is a cost-plus percentage of costs Contract. Estimated costs are $3,000,000 and the estimated total price is $3,300,000. ABC recently completed the building and the associated costs were $4,000,000.

In the above scenario, what is the total price of this building which will be paid by John Jones?

Scenario:

A general contractor has been asked to provide an estimated cost for a project to build a four bedroom colonial. The contractor has recently built similar houses in the selected neighborhood. The potential buyers would like a ballpark estimate before they  proceed with detailed planning.

In the sample scenario above, what estimating method is the general contractor most likely to use?

A KEY activity in closing out a project is to:

Your project is behind schedule due to conflict between team members. Having resolved the conflict, to get the project back on schedule, you should consider:

Estimate at completion (EAC) may be computed as:

Scenario:

A project manager has been assigned a project in progress because the original project manager resigned. In looking at the project plan, it is clear that the implementation currently scheduled for two weeks from today will not be met, as major pieces of the project are still under development. An E-mail received from the client indicates that he is unaware of the pending delay, as he is requesting confirmation of the travel schedules for the users coming in for training on the to be implemented system. The project managers supervisor

In the above sample scenario, what is the FIRST action the project manager should perform?

SCENARIO : In a manufacturing project the following data were collected:

Total number of units 12,000
planned price per unit $.60
actual price per unit $.58
actual cost per unit $.37
planned cost per unit $.42

What is the total cost variance of the project?

A project loses a contractor in the middle of a project. A new project team is formed to replace the role of the lost contractor and his/her  team. As a project manager, what is the FIRST topic to address to the team in the kick-off meeting?

Scenario :

Sam is going to start a report writing task on Monday and finish the task the following Friday. Sam will work on the report for two hours each day.

In the sample above, what Is the duration of this task?

Five tasks are sequentially dependent on one another and each has one day of slack. As of today, tasks one and two have been completed on schedule, How many days of slack remain in the schedule?

A likely result of using "compromise" to resolve a two-party conflict is:

The time phased budget that reflects the actual expenditures rather than the consumption of a resource that will be used to measure and monitor cost performance on a project is the:

A controlling process is necessary in project management to ensure planned actions are executed and measured for progress. The controlling process for the schedule typically will focus on:

A project was estimated to cost $1.5 million and scheduled to last six months. After three months, the earned value analysis shows the following:
BCWP = $650,000 BCWS = $750,000 ACWP = $800,000
What are the schedule and cost variances?

Analogous estimating:

A process is a series of actions to bring about a result. In a project, the five basic process groups (PG) are:

If the PV (BCWS) was 80,000, the EV (BCWP) was 75,000, and the AC (ACWP) was 71,000, what is the cost variance?

Earned value is:

Conflict resolution techniques that may be used on a project include: