Quiz time

Vendor 1 and Vendor 2 have proposed a price of IDR 500,000,000 if the equipment is delivered on the agreed

upon date. Both vendors have also proposed they receive an incentive for delivering early and absorb a penalty

for delivering late, but the amounts of incentives and penalties differ (Vendor 1=20%, Vendor 2=40%). The

probability of delivery early, on time, late for Vendor 1 (20%, 50%, 30%) and Vendor 2 (30%, 40%, 30%). Calculate the

total expected prices for Vendor 1 and 2 by totaling the expected prices if each is early, on time, and late

respectively.

• Vendor 1: IDR 500M, Vendor 2: IDR 480M

• Vendor 1: IDR 490M, Vendor 2: IDR 500M

• Vendor 1: IDR 520M, Vendor 2: IDR 460M

• Vendor 1: IDR 480M, Vendor 2: IDR 520M

Based on Earn Value Measurement (EVM), using the cost indicators, our work considered to be on budget if

• cost variance (CV)=1, cost performance index (CPI)=0

• schedule variance (SV)=1, schedule performance index (SPI)=0

• schedule variance (SV)=0, schedule performance index (SPI)=1

• cost variance (CV)=0, cost performance index (CPI)=1

The stakeholder management plant consist of management strategies to effectively engage stakeholders

throughout the project life cycle based on analysis of their needs, interests, and potential impact on project

success.

• True

• False

In order to make the relevant information available to stakeholders, perform the report based on project

communication plan should be done by providing the status report, forecasting, and problem solving.

• True

• False

In the Executing Process Group of Project Management, the overall activities should execute based on the

planning. The following planning from all the activities based on the knowledge area that should be execute,

except

• Direct and Manage Project Work, Manage Communications, Perform Quality Assurance

• Develop Project Team, Manage Stakeholder Engagement, Direct and Manage Project Work

• Acquire Project Team, Conduct Procurement, Manage Communications

• Perform Integrated Change Control, Validate

  Scope, Control Risk

The goal of Project Risk Management is to move uncertainty from threat to opportunity in the project. The risk

itself has only negative effect in overall project’s goals.

• True

• False

Earn Value Measurement (EVM) variance indicator consist of cost performance index (CPI) that equal to earn

value (EV) divided by actual cost (AC) and schedule performance index (SPI) that equal to earn value (EV)

divided by planned value (PV).

• True

• False

Based on Earn Value Measurement (EVM), using the schedule indicators, our work considered to be on schedule if

• schedule variance (SV)=0, schedule performance index (SPI)=1

• cost variance (CV)=1, cost performance index (CPI)=0

• schedule variance (SV)=1, schedule performance index (SPI)=0

• cost variance (CV)=0, cost performance index (CPI)=1

The decision of make or buy in the procurement process of our project determine by the supplier to consider

whether particular work can best be accomplished by the project team or must be purchased from the supplier.

• True

• False

In the framework of Responsibility of Assignment Matrix, it relates the organizational breakdown structure to the

work breakdown structure to ensure that each component of the project’s scope of work is assigned to a

responsible person. In the overall project operations, the project sponsors responsible for execution, while the

team leader of the project has authority to approve the execution.

• True

• False