You are going to take some performance measurements for your current project. You know that PV = 450, AC = 500, and EV = 375. What is the CPI and SPI respectively?
You are preparing a cash flow analysis for a project the company is considering undertaking. The project’s cost is $525,000, and expected cash inflows are $125,000 the first year and then $75,000 per quarter the second year and $100,000 per quarter after that. What is the payback period?
You are working on a project and are in the Quality Planning process. You know that if the customer requirements are not satisfied while the product is still in the control of the organization, it may result in corrective action, rework, scrapping, and downtime. Which of the following is true regarding the cost of quality?
Which of the following describes a unique characteristic of the project Executing and Controlling processes?
You are a project manager who believes people will always perform at their best if given the proper expectations and motivation. Which theory do you subscribe to?
You are a project manager working for Mail House King. Your company processes orders for several mail-order catalog companies. Your project is to install new mail-sorting equipment and software. You’ve had some problems and experienced some variances so far during the project. You do not expect these variances to continue as they’re atypical. Your project sponsor has asked for an EAC. You know the following information: PV = 800, BAC = 700, EV = 675, AC = 750, and ETC = 30. Which of the following is the correct EAC given the circumstances?
All of the following are tools and techniques of the Quality Control process except:
You are the project manager for your company’s annual Spring Fling. You’ve made all the plans and reserved the outdoor grounds for the appropriate day and time. You are now two days away from the big day, and the forecast is calling for light rain showers in the afternoon. You rented tents just in case this risk occurred. This is an example of which Risk Response Planning tool and technique?
All of the following are true regarding the Executing processes except:
You are a project manager for a network cabling project for your organization. Your project team is made up of six full-time employees and three contractors. This is the first time they have all worked together. You know that the team will go through the stages of team development in the following order: