You are the project manager of the NHQ project. You are working with your project team to create the project schedule and the project network diagram. In order to start the sequencing of the project activities, you will need a document to identify the result of project phases, key project deliverables, and significant, timeless events in the project. Which of the following documents will you need to help sequence the project work?
Correct Answer:D
The milestone list is needed as an input to the sequence activities process. Milestones are timeless events in the project schedule that are generally created as a result of phase completion. What is a milestone list? A milestone list provides a sequence of indicators about project progress to date and achievements or goals, which are to be achieved. The milestone list is used in project management as an indication of progress through the achievement of a major project accomplishment. It is a project document that is not part of the project management plan. The list contains all the project milestones along with information indicating whether they are mandatory to achieve or not.
Answer option B is incorrect. While the activity list is an input to activity sequencing, it is not a document that shows timeless events or the results of activity phases.
Answer option A is incorrect. Activity attributes describe the work, nature of the activity, and required resources for the activity.
Answer option C is incorrect. The project scope statement is an input to the activity sequence, but it does not define the end result of activity phases.
You are creating a status report to show how your project is progressing. Management is interested in several key activities and their status. You need to report work performance information to management. All of the following are example of work performance information you should include in your report except for which one?
Correct Answer:B
Vendor performance, while important, is not part of the work performance information. Management is interested in the how well the project is performing, what activities are currently underway, and what's been completed to date.
Answer option A is incorrect the project's performance on schedule should be reported Answer option C is incorrect as management is interested in what activities have been started and finished.
Answer option D is incorrect as management does want to know the percent of completion for the in-progress activities
You are the project manager for your organization. You have recorded the following duration estimates for an activity in your project: optimistic 20, most likely 45, pessimistic
Solution:
Does this meet the goal?
Correct Answer:A
Beth is the project manager of the KJH project. Sarah is Beth's administrative assistant and Ben is the project team leader. Beth's project has eight virtual teams throughout the world that will be working on the activities relevant to the deliverables in their locales. Thomas, the project sponsor, has told Beth that he is to be kept abreast of all communication between her project and the stakeholders. In this project, who is the lead person responsible for communication with all stakeholders?
Correct Answer:D
Beth, the project manager, is responsible for communication with all stakeholders. According to the PMBOK, the project manager occupies the center of the interactions between stakeholders and the project itself.
Answer option B is incorrect. Sarah may help with the communications, but she is not responsible for the communications.
Answer option A is incorrect. Thomas, the project sponsor, just needs to be kept abreast of the information.
Answer option C is incorrect. The project team leaders for the virtual sites are not responsible for communicating with the project stakeholders.
You work as a Project Manager for Tech Perfect Inc. You are looking for performance efficiencies of a project. The related key values are provided in the table below:
What will be the cost variance (CV) of the project at the current point of time?
Correct Answer:B
According to the question, you are required to calculate the cost performance index (CPI) of the project. Cost variance (CV) is a measure of cost performance on a project. The variance notifies if costs are higher than budgeted or lower than budgeted. The cost variance is calculated based on the following formula: CV = Earned Value (EV) - Actual Cost (AC) A positive value means that spending is less than budgeted, whereas a negative value indicates that costs are higher than originally planned for the project. Now, putting the provided values in the formula: CV = EV - AC = 320 - 400 = -80 As the value of CV (which is -80) is negative, it shows that the costs are higher than that have been planned for the project. What is BCWP (or EV)? Budgeted cost of work performed (BCWP) or Earned Value (EV) is the value of completed work. It is the budgeted amount for the work actually completed on the schedule activity during a given time period. What is BCWS (or PV)? Budgeted Cost of Work Scheduled (BCWS) or Planned Value (PV) is the authorized budget assigned to the scheduled work to be accomplished for a schedule activity or Work Breakdown Structure (WBS) component. What is ACWP (or AC)? Actual cost of work performed (ACWP) or Actual Cost (AC) is the total costs actually incurred and recorded in accomplishing work performed during a given time period for a schedule activity. It is the cost of the work to date, including direct and indirect costs. AC is money that has actually been expended to date.