Your project has a budget at completion (BAC) of $75,000, and you need to figure out if you’re on track to meet it. You know that you’ve already spent $56,000, and you’re 70% done with the project. If your project continues expenditures at the current rate, what calculation do you need to perform to find the lowest that you can allow your CPI to go before you’ve exceeded your project’s budget?
You’re managing a construction project to install 7,500 light switches in a new high-rise building. You’ve installed 3,575 of them so far, and you’ve spent $153,500 of your total budget of $245,000. Which of the following is true?
Which of the following best describes funding limit reconciliation?
Which of the following best describes a situation where statistical sampling is appropriate?
Which of the following is not considered when you are calculating cost of quality?
You’re working on an IT project to set up a development environment, including designing and building a computer room, installing the operating systems and software, and performing a security evaluation. Once the operating system on a machine is installed, it needs to be imaged and copied to three identical boxes. Which of the following best describes this relationship?
You’re planning your project’s quality activities. You know that as you go through your project, your team will find lots of ways to improve how your company does work in the future. You need a way to handle that information in a systematic manner. What document is best used to plan for this?
Which of the following is not an example of quality assurance?
You’re managing a construction project, and you’re estimating your project’s activities using a spreadsheet that a consulting company created for you. You have to fill in the dry weight of the materials, the number of people required to do the work, the type of building you’re working on, and other information about the project. Which best describes what you are doing?
You’re working on an IT project to set up a development environment, including designing and building a computer room, installing the operating systems and software, and performing a security evaluation. Your team comes up with a best-case scenario for the activity that involves ordering and installing the equipment. If everything goes perfectly, they feel it will take five weeks. However, they think it’s much more likely to take nine. A team member points out that on his last project, there was a major equipment delivery delay that cost the project an extra four weeks, and the rest of the team agrees that this is a possibility in a worst-case scenario. Use a three-point estimate to calculate how long you should expect this activity to take.