UPIP PMP-Scheduling-Cost-quality

Calculate the variance for the following: Pessimistic= 12, Optimistic = 2, Realistic = 5.

• 5

• 2.79

• 5.67

• Not enough information

Task C on the project has an ES of day three, an EF of day seven and an LS of day seven. Which of the following best describes this task?

• It has slack (float) of zero days

• It is behind schedule

• It has slack (float) of four days and duration of five days

• It has slack (float) of zero days and duration of four days

Which of the following best describes the critical path slack (float)?

• It can be the shortest duration on the project

• It can be a positive number or zero

• It can be a negative number or zero

• It can be a positive number, negative number, or zero

You are a member of a project team that is doing a capital expansion upgrade project. Typically, your projects do not include capital assets. Which of the following documents are most likely to be updated first to reflect the change in project type?

• Cost estimates

• Cost baseline

• Cost management Plan

• Issue log

Project A has an NPV of $150k over three years. Project B has an NPV of $330k over six years. Project C has an NPV of $170k over six years. Which of the following do you select?

• Project A

• Project B

• Project C

• Project A and C

You are having a home theater room added to your house. The project should take five days and cost $1,500 per day to complete. After three days, the project is 30% complete and $5,000 has been spent. What is the CPI?

• 0.45

• 0.50

• 0.40

• 1.00

Company-wide server upgrades are an example of what type of project cost?

• variable indirect

• Variable

• Fixed

• Fixed direct

The project team has just created cost estimates for their project. They are working with the accounting department to get access to the chart of accounts. What process are they getting ready to do next?

• Estimate costs

• Determine budget

• Control costs

• Manage stakeholder engagement

While establishing an overall picture of process output over time, the team plots a chart based on the data available. The plotted chart has seven consecutive data points on one side of the mean. What ca be determined from the plotted chart?

• The control limits are too tight

• The control limits are acceptable

• The control limits are too loose

• A seven run rule violation has occurred

The company is implementing a stricter and more proactive quality standard for projects in an attempt to improve the quality culture. Once implemented, which of the following impacts on the product support department is more likely to occur?

• Increase warranty support

• Decreased warranty support

• Increased inventory requirements

• Decreased inventory requirements