Random CAPM 60

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

Cost control is concerned with:

A network analysis technique that allows for conditional and probabilistic treatment of logical relationships is know as:

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

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?

Estimate at completion (EAC) may be computed as:

In a schedule, which of the following is not an allowed logical dependency?

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 -

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?

Fast tracking in time management is:

A scope statement is important because it:

Sally Woo is the project manager of a fixed price project  nearing completion. The project has been less profitable than  planned, but has not lost money. Team members worked 10- 20 hours of compensated overtime per week during the past month to complete the effort.

In the above sample scenario, what is an appropriate project close-down activity?

Earned value can best be defined as:

The critical path in any schedule:

Analogous estimating:

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

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

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

Scenario:

A specifications document was sent to the client representative two weeks ago for review and approval. The planned due date for approval or request for revisions was yesterday, and no comments or approvals were received from the client. The client representative is aware of the due date, as he approved the project plan.

In the sample scenario above, what client management strategy should the project manager use?

Earned value is:

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

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?

The three principle interests in maintaining good document control are:

Scenario:

Joe has been assigned to a project developing a new automobile design. Joes past performance reviews indicate frequent design flaws in his work. Peter is the project manager and Samantha is the lead designer on this project.

In the above sample scenario, what actions should Peter and/or Samantha take ensure that Joes work is satisfactory?

Human resource administration is the prime responsibility of the:

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:

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

Two of the types of discretionary dependencies that typically have an effect on the sequencing of the  activities in the schedule are those containing hard logic and  those containing soft logic. An example of a soft logic dependency would be:

As of the data date, your project schedule has a BCWS of 100. The BCWP, however, is  90. This tells you that your project is currently 10 percent:

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

Elements of changing a project schedule include all of the following 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?

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?

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

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?

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?

A project coordinator may typically be found in a environment.

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?

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?

A generally accepted method to confirm accuracy of task progress is through:

Cost estimates include all of the following resource categories except:

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?

Analogous estimating:

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?

Project cost management includes all of the following functions except:

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

Risk response development is intended to:

Configuration management is a technique for:

A project's payback period ends when:

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. At the completion of this project, the project manager will document and archive all project information.

This information may be used for future projects in all areas EXCEPT:

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?

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

Colocation  is :

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?

Effective stakeholder management includes all of the following  project elements EXCEPT:

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

Constructive team roles include:

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

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:

When it appears that a design error will interfere with meeting  technical performance objectives, the PREFERRED response is to: