You are the project manager for your company. You are currently working with your project team to begin sequencing the activity list. You will need organizational process assets and four other documents as inputs to this process. Which of the following is NOT one of the four documents you will need for activity sequencing?
Correct Answer:C
The project schedule network diagram is an output of the sequence activity process, not an input. This process uses five inputs: the activity list, the activity attributes, milestone list, the project scope statement, and the organizational process assets. The project schedule
network diagram is an output of the sequence activity process. It represents a schematic display of the project's schedule activities and the logical relationship among them. This diagram can be produced manually or by using the project management software. It consists of complete project details, or one or more summary activities.
Answer options D, B and A are incorrect. These are inputs to the process.
You are the project manager for your organization. You are coaching Allen, a junior project manager, on how the details of the project's critical path are calculated. Examine the figure
given below:
What is the critical path of this project?
Correct Answer:B
The critical path is discovered by summing the duration of each activity node in each chain of activities in the project network diagram. In this figure, the critical path is ACFGJ, which is 26 days, the longest chain of activities in the project.
Answer option A is incorrect. This path's duration is 22 days. Answer option D is incorrect. This path's duration is 23 days. Answer option C is incorrect. This path's duration is 15 days.
You are the project manager of the GHY Project. Management wants you to create a process improvement plan for your project. Your project will be studied by management and will become a standard for all future organizational projects based on your project's performance, approach, and implementation of project processes. All of the following should be included in your project's process improvement plan except for which one?
Correct Answer:D
Identification of the project risks is not part of the process improvement plan. Identify risks is a risk management process, and risks are recorded in the risk register.
Answer options A, B, and C are incorrect. Process boundaries, Process configuration and Targets for improved performance are parts of the process improvement plan.
Fred is the project manager of the NHA project. This project has a BAC of $2,456,900 and is sixty percent complete. Fred has crashed the project, which has driven the project costs to date to $1,525,140, but his project is five percent more complete than what was planned. What is the cost variance for this project that Fred needs to report to management?
Correct Answer:B
The cost variance for the project is -$51,000. You can find the cost variance by using the formula earned value minus planned value. In this instance, it is: CV = EV - AC = (0.60* 2,456,900) - 1,525,140 = -51,000
Answer option C is incorrect. -$85,000 is the project's variance at completion. Answer option A is incorrect. $122,845 is the project's schedule variance. Answer option D is incorrect. There is a cost variance on this project of -$51,000.
Management is concerned about your project. They want to know how the project is performing specifically the schedule performance index. What formula do you use to find the schedule performance index?
Correct Answer:D
The schedule performance index is earned value divided by planned value. The close the result is to 1, the better the project is performing.
Answer option B is incorrect. This is the cost variance formula.
Answer option C is incorrect. This is the formula to find schedule variance. Answer option A is incorrect. This is not a valid formula.