Chapter 14 review
SS- Ch 14 updated Copy
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Question 1 of 15
1. Question
Which of the following is a tool and technique in the control scope process?
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Question 2 of 15
2. Question
A schedule performance index (SPI) of 0.8 suggests that the project is:
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Question 3 of 15
3. Question
A project that has a negative cost variance and an SPI less than 1.0 means that the project is:
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Question 4 of 15
4. Question
Based on the performance measures indicated in the following table, what is the schedule variance (SV) for case 3?
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Question 5 of 15
5. Question
A cost performance index (CPI) of 0.8 suggests the project is:
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Question 6 of 15
6. Question
Which formula is used to calculate EAC
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Question 7 of 15
7. Question
The $450,000 project is 75% complete as of month six. The budget was allocated at $50,000 per month for nine months and the invoices paid-to-date are $325,000. What is the TCPI of this project?
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Question 8 of 15
8. Question
The cost performance index (CPI) is calculated as follows:
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Question 9 of 15
9. Question
If the planned value (PV) is $275,000 and the earned value (EV) is $300,000, the schedule variance (SV) is:
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Question 10 of 15
10. Question
The kitchen remodel project for the Jones family appears to be running behind. As the project manager, you evaluate the construction team’s work performance information. Based on the information you received, the $30,000 project appears to be about 40% complete. Work billed to date was $10,000 although the project budget indicates that anticipated costs were to be $12,000 by this date. When you follow-up with the construction team lead, he estimates that there will be approximately $15,000 in remaining costs. The EAC for this project is:
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Question 11 of 15
11. Question
The kitchen remodel project for the Jones family appears to be running behind. As the project manager, you evaluate the construction team’s work performance information. Based on the information you received, the $30,000 project appears to be about 40% complete. Work billed to date was $10,000 although the project budget indicates that anticipated costs were to be $12,000 by this date. When you follow-up with the construction team lead, he estimates that there will be approximately $15,000 in remaining costs. The status of the project is:
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Question 12 of 15
12. Question
The process redesign project has been underway for six months and appears to be making good progress. However, to complete your quarterly review, you conduct an earned value analysis. This is a 12 month project with a budget of $50,000. The budget is allocated at $12,500 each quarter. Based on the status reports received the project is 60% complete and billed costs are $40,000. It appears that the project is over budget so you talk to the lead analyst. She tells you that there was an unexpected software cost during the 2nd month of the project of $7,000 (included in the 40,000 above). A good portion of the project costs that will be billed will be resource costs (approximately 300 hours at a loaded resource rate of $80/hr). The SV and SPI for this project are:
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Question 13 of 15
13. Question
The process redesign project has been underway for six months and appears to be making good progress. However, to complete your quarterly review, you conduct an earned value analysis. This is a 12 month project with a budget of $50,000. The budget is allocated at $12,500 each quarter. Based on the status reports received the project is 60% complete and billed costs are $40,000. It appears that the project is over budget so you talk to the lead analyst. She tells you that there was an unexpected software cost during the 2nd month of the project of $7,000 (included in the 40,000 above). A good portion of the project costs that will be billed will be resource costs (approximately 300 hours at a loaded resource rate of $80/hr). The CV and CPI for this project are:
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Question 14 of 15
14. Question
You have just started in your new role in the PMO and one of your first assignments is to evaluate a technical development project to determine if the project is on time and within budget. Upon review of relevant project documentation, you find that the costs to date have been $180,000, the project is a 16-month project, and that after six months of work they are 25% complete. The overall budget for the project is $300,000, with the following allocation: INSERT GRAPH. When you review the project with the project manager, she tells you that they were intending to use an inside resource for all of the programming, but the individual left the company. The programmer they are now using is from a contracting firm and as such, the resource rate for him went from $40/hr to $120/hr. Because programming was the majority of the work needed for the project, this will continue to affect the costs on the project. The SV and SPI for this project are:
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Question 15 of 15
15. Question
You have just started in your new role in the PMO and one of your first assignments is to evaluate a technical development project to determine if the project is on time and within budget. Upon review of relevant project documentation, you find that the costs to date have been $180,000, the project is a 16-month project, and that after six months of work they are 25% complete. The overall budget for the project is $300,000, with the following allocation: INSERT GRAPHIC When you review the project with the project manager, she tells you that they were intending to use an inside resource for all of the programming, but the individual left the company. The programmer they are now using is from a contracting firm and as such, the resource rate for him went from $40/hr to $120/hr. Because programming was the majority of the work needed for the project, this will continue to affect the costs on the project. The ETC for this project is:
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