Random CAPM 60

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

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 -

The measure used to forecast project cost at completion is:

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

The schedule should be re-baselined when:

The critical path in any schedule:

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 Program Evaluation and Review Technique (PERT) method of scheduling differs from the Critical Path Method (CPM) because the PERT method:

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

Scenario:

A task was originally estimated to require 100 hours effort. 80 hours have been spent and the person assigned to the task estimates 80  additional hours will be required to complete the task.

In the sample above, what is the calculated percent complete for this task?

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

A Network analysis technique that shows conditional and  probabilistic treatment of logical relationships is called:

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

Earned value is:

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?

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:

Due to cuts in funding, your project has been terminated. The scope verification process:

A KEY activity for achieving customer satisfaction is to define:

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?

The precedence diagramming method provides project managers with knowledge of:

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

Which of the following are frequently used tools in procurement  planning?

Analogous estimating:

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

In order to determine the projects estimate at completion (EAC), which of the following information would be needed?

A project schedule completion date will change if:

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?

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

Reviewing work products and results to ensure that all were completed satisfactorily and formally accepted is part of:

The objective of fast tracking a project is to:

Which of the following strategies reflect good stakeholder management?

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?

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:

If team members are more technically skilled than the project manager, what actions should the project manager take?

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?

What is the MOST effective process to ensure that cultural and ethical differences do not impede success of your multi-national project?

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

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?

In what way does free float (FF) differ from total float (TF)?

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

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:

A precise description of a deliverable is called a:

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

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

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?

An individual's willingness to take a risk can be determined by:

In selecting from the pool for team assignments, the following characteristic(s) should be evaluated:

Examples of team building activities include:

Characteristics of a good project manager include all of the following except :

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?

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?

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:

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:

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

What is a sunk cost?

If seven people are intimately involved in the same task and must frequently communicate with each other, how many lines of  communication are there?

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

A parametric cost estimate:

You have just taken control of a project in the middle of execution and need to learn who has approval authority for revisions in scope.  Which document provides this information?