WorksheetsUPIP PMP-Scheduling-Cost-quality
Total questions: 12
Worksheet time: 12mins
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
The computer manufacturer is putting a policy in place to use just-in-time manufacturing. It feels this policy will help minimize excess inventory cost and improve efficiency. The amount of inventory needed for this type of process is what?
There is insufficient information to determine the answer
27% (3 sigma) or .0003% (6 sigma)
Zero plus predefined organizational buffer
Ideally, zero with supplies obtained only when the product is being built
You are a project manager working with the quality department. They are testing your project deliverables and are organizing defects by count. You want to show this graphically to communicate it to the stakeholders. What tool will you use to show this?
Run chart
Histogram
Control chart
Scatter diagram
