You work as a Project Manager for Tech Perfect Inc. Several projects are running under your supervision. Martha, the team leader of a project, provides you performance indexes of her project. The cost variance (CV) of her project is -20. What does this figure depict?
You work as a Project Manager for Tech Perfect Inc. Several projects are running under your supervision. Martha, a team leader of a project, informs you about the performance indexes of her project. The schedule performance index (SPI) of her project is 0.835. What does this figure indicate?
You are the project manager of the HGH Project. Thomas, your project sponsor, asked you to submit status reports every week, but now he wants you to submit the status reports every other week. What project management plan would you need to update to reflect this change from Thomas?
Alicia works as a project manager for NacTec project. She is undergoing the project monitoring phase in her project. Which of the following will she choose to accomplish the task? Each correct answer represents a complete solution. Choose all that apply.
Your organization wants to start a new project. The study shows that the new project will save organization approximately $200,000 per year. Now it is required to move forward with the project. Which of the following documents will define the project justification?
Frank is the project manager in BlueWell Inc. He is working with his project to subdivide the project work packages into smaller, more manageable components. He and the project team are planning in detail all of the things the team will need to create, purchase, or do in order to satisfy the project scope. Management is concerned with the activity which Frank is using in this scenario, as they believe that Frank is taking too long to complete this pre-execution activity. Which of the following techniques of the activity process is Frank using in this example?
Gary is the project manager for his organization. The projects that Gary manages for project customers are often very similar in nature so Gary uses a schedule network template to help plan the project work. For Gary's current project, he has used a network template that includes just a portion of the project work adapted to the current project. When Gary uses a portion of a network template diagram this is called what term?
You are the project manager of the NHQ project. This project is scheduled to last for six months and will require $345,000 to complete. If the project completes earlier than scheduled, your organization will receive a bonus of $5,000 per day for the early completion. Management has asked you to develop an aggressive schedule to realize as much of the bonus as possible, but you must be careful not to increase project risk beyond an acceptable level of risk exposure. Which of the following approaches is most likely to increase project risk?
You are the project manager for your organization. You are coaching Allen, a junior project manager, on how the details of the project's critical path are calculated. Examine the figure given below:
What is the critical path of this project?
You have created the project network diagram for your project. Management is reviewing the network diagram and they are curious as to why you have included levels of effort activities as start-to-start and finish-to-finish successor activities for work that uses particular manufacturing equipment. You explained that the levels of effort activities are maintained for the equipment. This relationship and scheduling scenario is also known as what term?
