Random CAPM 60

Scenario

Judy is remodeling her kitchen. When her cabinets are completed the counter tops can be installed.

In the sample scenario above, what type of dependency exists  between cabinet completion and counter top installation?

The decomposition process is a technique used to construct a:

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

Project cost management includes all of the following functions except:

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?

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:

Scope change control MUST be integrated with all of the following control processes EXCEPT:

Scenario:

Sam Johnson is a project manager developing a new sales process for The Magic Games Company. Joe Stevens is the client representative assigned full time to the team to provide guidance regarding requirements and ongoing functional knowledge. Sam has observed that Joe spends much of each morning reading the paper, and usually takes a three hour lunch break. The other team members are starting to complain that they are not getting the information they need to develop the process.

In the sample scenario above, what action should Sam take?

The measure used to forecast project cost at completion is:

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?

During the sixth monthly update on a ten-month, $30,000 project, the analysis shows that the PV (BCWS) is $20,000 and the AC (ACWP) is $10,000. The EV (BCWP) is also determined to be $15,000. What can be determined by these figures?

Scenario:

A Guide to the Project Management Body of Knowledge defines a risk symptom as an indirect manifestation of an actual risk event.

Using the sample definition above, which of the following conditions are risk symptoms

During the project scope planning process, the work breakdown structure should be developed to:

A Gantt chart is useful in determining:

Scenario

The Excel Company has decided to allocate all overhead costs to projects based on the number of employees assigned to the project. Part time assignments will be prorated. The company currently has an annualized overhead cost of $1 million and there are 500 employees involved in projects.

In the sample scenario above, if a project has 50 full time employees assigned for six months, what is the overhead cost the project must bear?

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

What is a common complaint of project manager regarding their project sponsors?

The critical path in any schedule:

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

A KEY activity in closing out a project is to:

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?

Of the following types of cost, which is not important in making a sound financial decision to halt or continue with a project?

For a large, complex project ______ is best for handling cross functional project needs.

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

Scenario:

A project manager is notified that one of the key personnel on his team has been hospitalized after falling down a  mountain while skiing. The project manager had not made  any contingency plans for staff absences, so his next action is to contact Human Resources to identify potential  replacements. Fortunately, a replacement is found from another project.

In the sample scenario above, what risk response strategy has been implemented?

Most project managers spend about _________ of their work time engaged is some form of communications.

In network diagramming, a loop means

The overall duration of the project schedule is not influenced by:

Analogous estimating:

During the contract close-out, the project manager needs to document the:

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

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

Complex projects, involving cross-disciplinary efforts, are MOST effectively managed by:

Scenario

The East Coast division invests $50,000 in a project that generates a return of $56,000 in a year. They could have invested in another project which would have generated a return of  $60,000.

By investing in the first project they have effectively lost $4,000. This is considered -

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

Colocation  is :

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

The cost performance index (CPI) in earned value reporting is:

You've been engaged to manage a project. The estimated cost of the project is $1,000,000. The project sponsor has approved this amount. Your earned value calculations indicate that the project will be completed on time and under budget by $200,000. Based on this calculation, your personal profit will decrease by $2,000.

Given the estimated decrease in personal profit, what action should you take?

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?

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

Communication is the prime responsibility of a project:

Which of the following is not a function of cost control?

Scenario:

A Project manager reads that a vendor he intended to use for a project has declared bankruptcy. He decides that the risk of the vendor going out of business before the end of the project is significant, and decide to use another vendor.

In the sample scenario above, what risk strategy is the project manager using in managing the risk of the initial vendor going out of business ?

Which of the following activities is usually NOT an appropriate strategy for staffing a project?

Scenario:

A project manager realizes that there is an unlikely, but possible  risk that an ice storm could delay the arrival of staff for the implementation weekend. Once in the past ten years, the area  has been hit with an ice storm.

Which of the following risk mitigation strategies is most appropriate given the scenario above?

Scenario:

A project manager must decide whether to purchase a $1 5,000 tool to improve the productivity of her six person team. She guesses that the likelihood of a 10% productivity gain for the six month project duration is 50%. The probability of a 5% in productivity is also 50%. The average team member cost is  $80,000 per year.

In the sample scenario above, what is the expected monetary value of purchasing the tool?

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?

You are building a water treatment facility. Routine tests reveal that there are contaminants in the water but that they have an extremely low risk for causing any sickness.

As the project manager, you should:

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?

Analogous estimating is also called:

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. The project manager must report an updated profit loss projection.

In the above scenario, what is the updated profit/loss projection?.Losses are projected as a negative number.

What is an example of a product with high quality but low grade?

Pareto analysis, cause and effect, and flow charts are all tools used in quality:

Resource leveling of a project schedule:

Examples of team building activities include:

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?

Historical results used in cost estimating may include:

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

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