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QUESTION NO: 11
You are the project manager of the NHQ Project. Management has set a conformance to the
project schedule for your project at 0.95. What does this term mean?
A. It means the largest schedule variance you can have is five percent.
B. It is the earned value divided by the planned value for your project.
C. It is the expectation of management to be 95 on schedule at 95 percent of the project.
D. It means you will need to earn at least 95 cents per dollar invested in the project.
Answer: A
Explanation:
Conformance to schedule is a required adherence for the project\’s schedule. In this instance, the
project manager must not allow the schedule to slip more than five percent.
Answer option B is incorrect. This is the description of the schedule performance index.
Answer option D is incorrect. This is the description of the cost performance index.
Answer option C is incorrect. This is not a valid statement about the project performance.
QUESTION NO: 18
You work as a project manager for BlueWell Inc. Management has asked you not to communicate
performance unless the CPI is less than 0.96 or the SPI dips below 0.98. What type of report
would you create for management, if these instances develop in your project?
A. Cost variance report
B. Exceptions report
C. Performance management report
D. Schedule variance report
Answer: B
Explanation:
The best answer is simply an exception report. An exception report refers and documents the
major mistakes, mishaps, and goofs. In other words, it itemizes the important and critically
significant piece of documentation that is vital to the proper and effective functioning of a project. It
does not document what has gone right, but rather documents what has gone wrong.
Answer option C is incorrect. A performance management report is not a valid project
management report.
Answer option A is incorrect. The question is asked about cost and schedule so this answer would
not be appropriate for both the cost and the schedule.
Answer option D is incorrect. The question is asked about cost and schedule so this answer would
not be appropriate for both the cost and the schedule.
QUESTION NO: 1
Once the project\’s WBS has been created what process may happen next?
A. Estimate activity resources
B. Define activities
C. Estimate activity durations
D. Sequence activities
Answer: B
Explanation:
The define activities process is the process that may begin once the project\’s WBS has been
completed and approved. It is possible, in some projects, to complete the WBS and the activity list
at the same time.
Answer option D is incorrect. Sequencing the activities cannot happen until the activity list has
been created.
Answer option A is incorrect. Estimating activity resources is dependent on the activity list, so this
choice is not valid.
Answer option C is incorrect. Estimate activity durations are dependent on the activity list, so this
choice is not valid.
QUESTION NO: 10
George is the project manager of the NHQ Project and has a budget of $778,000. The project is
scheduled to last for one year with an equal amount of work completed each quarter. The second
quarter of the project has ended and George has spent $325,000 but has only finished forty
percent of the project. Management needs a variance report for the project schedule. What value
should George report in this instance?
A. .96
B. -$77,800
C. $-34,500
D. -$13,800
Answer: B
Explanation:
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies
that the schedule is ahead or behind what was planned for this period in time. The schedule
variance is calculated based on the following formula: SV = Earned Value (EV) – Planned Value
(PV) If the resulting schedule is negative, it indicates that the project is behind schedule. A value
greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that
the project is right on target. The earned value in this instance is forty percent of the project
budget, $778,000, and the planned value is $398,000 because George is to be fifty percent done
at the end of the second quarter, as the work is spread evenly across all quarters. The schedule
variance is -$77,800 for the project.
Answer option A is incorrect. .96 represents the cost performance index.
Answer option C is incorrect. -$34,500 represents the project\’s variance at completion if the
project continues as is.
Answer option D is incorrect. -$13,800 is the cost variance for the project.
QUESTION NO: 14 CORRECT TEXT
Fill in the blank with an appropriate phrase.
The includes a description of any collateral services required, such as performance
reporting or post-project operational support for the procured item.
Answer: procurement SOW
QUESTION NO: 20
Andy works as the project manager for Bluewell Inc. He is developing the schedule for the project.
There are eight tools and techniques that a project manager can use to develop the project
schedule. Which of the following is a tool and technique for the Schedule Development process?
A. Schedule compression
B. Reserve analysis
C. Variance analysis
D. Expert judgment
Answer: A
Explanation:
Schedule compression is a tool used as part of the Schedule Development process. The tools and
techniques for schedule development are as follows:
Schedule network analysis
Critical path method
Critical chain method
Resource leveling
What-if scenario analysis
Applying leads and lags
Schedule compression
Scheduling tool
Answer options D, B, and C are incorrect. These are not tools and techniques for schedule
development.
QUESTION NO: 7
You are the project manager of the GHT Project. Ben, one of your project team members, does
not understand the idea of a milestone. Which of the following best describes what a milestone is?
A. A significant point in the project
B. A goal of reaching a significant delivery of project benefits by an identified date
C. An imposed date for the project to reach a given point
D. The completion of a project activity that is crucial to project completion
Answer: A
Explanation:
A milestone is simply a significant point or event in the project. It does not have to be assigned to
a specific date, but is usually assigned to the completion of project phases. A milestone is the end
of a stage that marks the completion of a work package or phase, typically marked by a high level
event such as completion, endorsement or signing of a deliverable, document or a high level
review meeting. In addition to signaling the completion of a key deliverable, a milestone may also
signify an important decision or the derivation of a critical piece of information, which outlines or
affects the future of a project. In this sense, a milestone not only signifies distance traveled (key
stages in a project) but also indicates direction of travel since key decisions made at milestones
may alter the route through the project plan. To create a milestone, enter 0 (zero) in the Duration
field. The task will automatically be classified as a milestone.
Answer option C is incorrect. This is a project constraint.
Answer option B is incorrect. A project goal is an objective for time, cost, scope, and other metrics.
Answer option D is incorrect. All activities must be completed in order to complete the project
work. Activities that are not completed are quality issues that prevent the project from completing
the project scope.
QUESTION NO: 2
Which of the following scheduling techniques identifies the successor activities and the
predecessor activities to assist the project manager in sequencing the project work?
A. Precedence Diagramming Method
B. Schedule network template
C. Dependency determination
D. Activity on the Node
Answer: A
Explanation:
The Precedence Diagramming Method uses both predecessors and successors as nodes in the
project network diagram. The PDM approach is the most common network diagram approach
used.
Answer option C is incorrect. Dependency determination identifies the order of the project work.
Answer option B is incorrect. The schedule network template is a tool that uses a previous project
network diagram as a base for the current project network diagram.
Answer option D is incorrect. Activity on the node places activities on circles within a network
diagram. It is an example of the precedence diagramming method.
QUESTION NO: 17
Sam is the project manager of the NQQ project. He and the project team have completed the
stakeholder identification process for his project. What is the main output of the identify
stakeholders process?
A. Communications management plan
B. Stakeholder register
C. Requirements
D. Stakeholder management strategy
Answer: B
Explanation:
According to the PMBOK, the main output of the identify stakeholders process is the stakeholder
register. The stakeholder register is a project management document that contains a list of the
stakeholders associated with the project. It assesses how they are involved in the project and
identifies what role they play in the organization. The information in this document can be very
perceptive and is meant for limited exchange only. It also contains relevant information about the
stakeholders, such as their requirements, expectations, and influence on the project.
Answer option A is incorrect. The communications management plan is an output of
communications planning.
Answer option D is incorrect. The stakeholder management strategy is an output of stakeholder
identification, but it is not the main output.
Answer option C is incorrect. Requirements are not an output of the stakeholder identification
process.
QUESTION NO: 19
You are the project manager of the HQQ Project. Your project is running late by ten percent of
where you should be at this time. Management is concerned. Considering that the project has a
BAC of $567,899, you are thirty percent complete, and you have spent $179,450. What is this
project\’s to-complete performance index based on the current BAC?
A. 1.02
B. 0.010
C. 0.75
D. 0.95
Answer: A
Explanation:
This project is not performing well on schedule, but moderately well on costs. The project\’s TCPI
based on the current BAC is 1.02. To-complete Performance Index (TCPI) is the measured
projection of the anticipated performance required to achieve either the BAC or the EAC. TCPI
indicates the future required cost efficiency needed to achieve a target EAC (Estimate At
Complete).Once approved, the EAC supersedes the BAC as the cost performance goal. Any
significant difference between TCPI and the CPI needed to meet the EAC should be accounted for
by management in their forecast of the final cost. The formula for TCPI is as follows:
TCPI = {(BAC-EV) /( BAC-AC)}
Answer option D is incorrect. 0.95 is the project\’s TCPI value based on the estimate at completion.
Answer option C is incorrect. 0.75 is the project\’s schedule performance index.
Answer option B is incorrect. 0.010 is not a valid calculation.
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