PMP Certification Training - Case Study - 9

The video tutorial covers a construction project undertaken by a multinational company. It details the project's phases, work breakdown structure, and current status, highlighting issues with schedule and budget. The tutorial explains project management processes, including schedule, cost, and risk management, and provides an analysis of the project's financials using earned value management. It concludes with a discussion on the importance of planning and execution in project management.

What are the phases defined in the project scope?

• Government Approval, Construction, Finishing, Handing Over

• Initiation, Planning, Execution, Closure

• Design, Construction, Testing, Launch

• Planning, Execution, Monitoring, Closure

After 70 days, what was the planned phase completion according to the project schedule?

• Finishing phase

• Government approval

• First floor construction

• Ground floor phase

What is the Schedule Performance Index (SPI) of the project?

• 1.2

• 1.0

• 0.72

• 0.8

Which process involves establishing policies for planning and controlling the project schedule?

• Define Activities

• Plan Schedule Management

• Control Schedule

• Develop Schedule

What is the total budget for the project?

• $1500

• $2000

• $2250

• $1800

Which process involves aggregating estimated costs to establish a cost baseline?

• Control Costs

• Determine Budget

• Estimate Cost

• Plan Cost Management

What is a key technique used in controlling project costs?

• Critical Path Method

• Earned Value Management

• PERT Analysis

• Monte Carlo Simulation