Which of the following is a benefit of a similar project evaluation?

It gives the project team a clear understanding of management's expectations

The assessment will be closer to what the job will actually require

It is based on understanding the job requirements in detail

It helps the PM determine if the project is completed on schedule

The project is calculated to be completed 4 days after the desired completion date. You have no other resources. The project is low risk, the benefit cost ratio is expected to be 1.6, and dependencies are prioritized. In this situation, what is the best thing to do?

Perform multiple activities simultaneously

Move resources from a prioritized dependency to other dependencies

Remove an activity from the project

A PM is controlling a project from another PM during the planning phase. If the new PM wants to see the old PM's plan for managing schedule changes, what document is best to review?

Schedule and time management plan

You have a project with the following activities: activity A lasts 40 hours and can be started after the start of the project. Activity B lasts 25 hours and should begin after the start of the project. Activity C must start after activity A and last for 35 hours. Activity D must start after activities B and C and last 30 hours. Activity E must start after activity C and last 10 hours. Activities F and D are the final activities of the project. Which of the following is true if activity B actually lasted for 37 hours?

The critical path changes to Start, A, C, E, F, End

Critical path changes: Start, B, D, End

The critical path increases to 12 o'clock

The SPI schedule performance index is 0.76 which means:

You are only doing 76% of the rate originally planned.

You are going faster than planned

You are only making 24% of the original rate of the plan

Which of the following is best to do in trying to complete a project 2 days in advance?

Meet with the project team and explore options for canceling or moving forward with the project

Tell senior management that the project's critical path does not allow the project to be completed before the deadline

Work hard and look at the project status over the next month.

You are a PM for a new product development project that has four levels in the WBS, and is organized using the arrow diagram method. Time estimates were compressed and a schedule was created. What time management action should be taken next?

Start taking control of your schedule

Start activity resource estimating

What is value analysis performed to obtain?

D. A less expensive way to do the same job

A. More value from cost analysis

B. Management rights with project buy-in

C. Team to buy into the project

Your company can accept 1 of the following 3 projects: project A has an NPV of $30,000 and takes 6 years to complete, project B has an NPV of $60,000 and takes 3 years to complete, project C has an NPV of $90,000 and takes 4 years to complete. Based on the above information, which project will you choose to implement?

A. The 3 projects have the same value

Measuring cost performance is best done in which of the following ways?

Calculate the EV gain value and use parameters and other calculations to report realized performance and predict future performance

Ask each project employee what % of the work has been completed and report it in the monthly progress report

Use the 50/50 rule and make sure life cycle costs are less than project costs

Focus on last month's usage volume and next month's spending

As a PM, you are presented with the following information about the NPV of several projects. Which of the projects below will you choose?

B. Project B with NPV of $120,000

A. Project A with NPV of $95,000

C. Project C with NPV of $20,000

D. Project D with NPV of -30,000$

A new store development project requires the acquisition of a variety of equipment, machinery and fixtures. The department is responsible for both centralizing the development of the external purchasing process and standardizing the new ordering system. In which documents are the above procedures contained?

C. Human resource management plan

You are a PM in the US, developing a $5,000,000 software project. While working with the project team to develop the network diagram, your construction data shows that quality can be improved if the data model is approved by senior management before moving to the design component. other. They support this suggestion with an article from a leading software magazine. Which of the following descriptions is best for this type of input? (with this type of support)

Required dependency (or component).

Depends on external circumstances

Heuristic – method of evaluating experience

The duration of existence of a landmark is:

Shorter than the duration of the longest activity

Shorter than the duration of its representative activity

Has the same duration as its representative activity

You are asked to prepare a budget to complete a project. This project just started last year and was delayed for 6 months. Which of the following is not included in the budget?

D. Variable costs (VC – variable costs)

You provide project cost estimates to the project sponsor. He was not satisfied with the estimate, as he thought the price could be lower. He tells you to cut the project estimate by 15%. What should you do?

Inform sponsors about reduced activities

Start projects and continuously save project costs (look for cost saving)

Tell the project team to cut 15% from their estimate

Add resources at low hourly rates

The seller tells you that your activities cause an increase in their costs. what should you do?

C. Ask the seller for support information

A. Proposed changes to project costs

B. Have a meeting with management to see what should be done

While planning a project, you estimate the time required for each activity and add estimates to create a project estimate. You are committed to completing the project on time. In this situation, what is Wrong?

The project team did not create estimates and a network diagram was not used

The project team does not create estimates, and estimating would be time-consuming using this method

Time estimates are too good and should be created by management

The project estimate should be the same as the customer's requested completion date

During the project implementation phase, a large number of changes were made. What should PM people do?

Approve changes if necessary, but maintain the baseline.

Wait until all changes are known and make a new schedule

Only make changes approved by management

Talk to management before making any changes

The priority diagram method differs from the arrow diagram method in that the priority diagram has the following characteristics:

There are 4 relationships between actions

There is only a finish-to-finish relationship (A F2F B means B cannot finish before A finishes)

PM is in the execution phase of a large construction project when he discovers the time needed to complete the project is longer than available time. What's the best thing to do?

Identify options for scheduling and present them to management as a recommended option.

Meet with management and tell them that the project cannot be completed in time within the required deadline

Cost forecasts indicate that you will experience cost overruns at the end of the project. What should you do?

A. Eliminate risks in estimates and re-estimates

B. Meet with the sponsor to find out which work should be done sooner

One of the project stakeholders contacts the PM to discuss some scope extensions they want to add to the project. PM asks about detailed documentation and activities in the scope management process. Once the requirements scope is complete, what should the PM do next?

Complete integrated change control

Ask relevant parties if they expect further changes

Make sure the impact of the change is understood by all stakeholders

Find the root cause why scope was not discovered during project planning. completed when scope control is not complete

To deliver a new project to your department, you need to move resources from one project to another. Since your department is working at full capacity, moving resources will definitely delay the project to which you moved resources. Which of the following projects would this have the least negative impact on if you moved resources from this project?

Project A with a cost benefit ratio of 0.8, no project mission, has 4 resources

. Project B has an NPV of $60,000, 12 resources, and costs ranging between $1,000 and $2,000 per month.

Project C with an opportunity cost of $300,000, no project control system, internal rate of return IRR is 12%

Project D with indirect costs of $20,000 and 13 resources

Đề 1(1-100)

Authored by Hoàng Nam

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99 questions

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MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If the earned value (EV-earned value) is 350, the actual cost (AC-actual value) is 400, the planned value (PV-planned value) is 325, the cost incurred (CV-cost variation) How much is it?

350

-75

400

-50

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Would a PM likely use…………… to make sure the project team knows what work is included in each of their work packages?

Project scope statement

Product range

WBS dictionary

Schedule

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A PM has just been assigned to a new project and given a project vision and preliminary project scope statement. What is the first thing he should do?

Create the project scope statement

Make sure all relevant parties have input into the scope (are involved).

Project risk analysis

Begin implementing the project management plan

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Your project management plan makes project schedules quite time-consuming. If the project's network diagram is unchanged but you have additional human resources, the best thing to do is:

Project promotion

Re-allocation of resources

Cancel project (crash)

Monte Carlo analysis

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

If project time and cost are not as important as the amount of resources used in a month, the best thing to do is to do the following:

Perform Monte Carlo analysis

Fast track the project

Implement resource balancing

Life cycle cost analysis

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Early in the project, you have a discussion with the sponsor about the estimating techniques that should be used. You want an expert assessment, but the sponsor objects and wants to use a similar estimate. What's best to do?

Agree with the same estimate as an expert assessment

Suggest life cycle assessment as a compromise

Determine why the sponsor wants such an accurate estimate

Try to convince the sponsor to agree with expert assessments because they are more accurate

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

During activity definition, an employee determines that an activity needs to be performed. However, another employee believed that the activity was not part of the project as he understood it in the project scope statement. What is the best PM to do?

Try to build consensus within the project team

Make personal decisions

Ask the sponsor for details

Ask senior management for details

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Đề 1(1-100)

If the earned value (EV-earned value) is 350, the actual cost (AC-actual value) is 400, the planned value (PV-planned value) is 325, the cost incurred (CV-cost variation) How much is it?

Would a PM likely use…………… to make sure the project team knows what work is included in each of their work packages?

A PM has just been assigned to a new project and given a project vision and preliminary project scope statement. What is the first thing he should do?

Your project management plan makes project schedules quite time-consuming. If the project's network diagram is unchanged but you have additional human resources, the best thing to do is:

If project time and cost are not as important as the amount of resources used in a month, the best thing to do is to do the following:

Early in the project, you have a discussion with the sponsor about the estimating techniques that should be used. You want an expert assessment, but the sponsor objects and wants to use a similar estimate. What's best to do?

During activity definition, an employee determines that an activity needs to be performed. However, another employee believed that the activity was not part of the project as he understood it in the project scope statement. What is the best PM to do?

Which of the following is a benefit of a similar project evaluation?

The project is calculated to be completed 4 days after the desired completion date. You have no other resources. The project is low risk, the benefit cost ratio is expected to be 1.6, and dependencies are prioritized. In this situation, what is the best thing to do?

A PM is using adjusted mean time estimation to perform network schedule analysis. What type of mathematical analysis is used?

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