All-In-One Project+ PK0-005 Exam Guide - Chapter 09

You are the project manager of the NYQ Project for your organization.

Your project is slipping on some tasks and you would like to implement duration compression for this project.

Which one of the following is a duration compression technique that generally does not increase risks within the project?

• Crashing

• Fast tracking

• Resource leveling

• 1. Lead time for all fixed-duration activities

Answer explanation

Crashing generally does not add risks to the project, but it does add costs because of the added labor.

What should be the goal of the individuals on the project team?

• To make the company more profitable

• 1. To help each team member finish their tasks

• To focus on completing their own tasks

• To finish their work as quickly as possible

Answer explanation

The goal of project team members should be to focus on completing their own tasks. If each team member would focus on completing the assignments as planned, the project would flow smoothly.

Why should a project manager host a regularly scheduled team meeting?

• A meeting allows team members to report on their activities.

• 1. A meeting allows the project manager to make changes to the project scope.

• 1. A meeting allows team members to air grievances about other team members.

• A meeting allows the stakeholder to identify requirements.

Answer explanation

Regular team meetings accomplish many different tasks including allowing team members to report on their activities and allowing the team to solve project problems as a group.

What concept is defined in the law of diminishing returns?

• Work expands to fill the amount of time allotted to it

• 1. Padding the time surrounding activities causes project risks.

• Adding labor increases project costs.

• You cannot continually add labor to reduce project duration.

Answer explanation

1. The law of diminishing returns addresses the concept of adding labor to reduce the duration of activity.

3. While you may be able to add labor to decrease the duration of a task, you cannot continually add labor to reduce the duration of the task.

5. In addition, added labor may become counterproductive for the project.

6. 
   Finally, the cost of the labor added may not be worth the yield (the value) of the work the added labor is able to perform.

What is a work authorization system?

• 1. A method to approve work that's been completed

• 1. A method for the project stakeholders to approve the project work

• A method to allow successor work to begin based on the completion of predecessor work

• A method to allow the project manager to track uncompleted milestones

Answer explanation

A work authorization system is a formal process where project team members report the completion of their tasks so that downstream activities may begin.

Why should a project manager allow team members to report on completed milestones in a team meeting?

• 1. To create team development through project work

• To create a sense of pride in the work accomplished

• To create internal competition on the project

• 1. To create peer pressure to outdo the other team members

Answer explanation

1. By requiring team members to report verbally on the status of their assignments, they are held accountable for their activities.

3. In addition, this practice creates a sense of pride for the team members who have accomplished major milestones in the project.

Why should you review the upcoming assignments in a project team meeting?

• 1. To remind the team members of the work they must complete

• 1. To remind the team that you are in charge of the project

• 1. To confirm that team members know their duties for last week

• To confirm that the project is moving and on track

Answer explanation

1. By reviewing the assignments with the project team, you are ensuring that the project is moving and on track.

3. At the same time, you are confirming that the team members know their duties for the week and reminding them what their assignments are - but overall, the purpose is to keep the project moving.

Your project has a budget of $280,000 and is 30 percent complete.

You have spent $90,000 on your project, however, the project is overbudget and late due to some rework

and additional time from a vendor.

Your project is supposed to be 50 percent complete by this time.

What is your earned value for this project?

• $56,000

• $84,000

• $140,000

• 0.93

Answer explanation

1. The project's EV is found by multiplying the budget at completion by the percent of the project that is complete.

3. In this instance, the EV is $84,000.

Your project has a budget of $280,000 and is 30 percent complete.

You have spent $90,000 on your project, however, due to some rework and additional time from a vendor.

Your project is supposed to be 50 percent complete by this time.

What is your CPI for this project?

• 0.93

• 93

• 0.60

• $6,000

Answer explanation

1. Your cost performance index (CPI) can be found by dividing the earned value (EV) by the actual costs (AC).

3. In this instance, the CPI is 0.93.

Your project has a budget of $280,000 and is 30 percent complete.

You have spent $90,000 on your project, however, due to some rework and additional time from a vendor.

Your project is supposed to be 50 percent complete by this time.

What is your SPI for this project?

• 0.93

• 0.60

• 0.77

• 1.01

Answer explanation

You can find your scheduled performance index (SPI) by dividing the earned value (EV) by the planned value (PV).

In this instance, the SPI is 0.60.