PMP

Question 1

Cost Variance (CV) =

Answer 1

Earned Value (EV) – Actual Cost (AC)

Question 2

Schedule Variance (SV) =

Answer 2

Earned Value (EV) – Planned Value (PV)

Question 3

Cost Performance Index (CPI) =

Answer 3

EV / AC

Question 4

Schedule Performance Index (SPI) =

Answer 4

EV / PV

Question 5

EAC =

Answer 5

AC + Bottom-up ETC

Question 6

EAC =

Answer 6

BAC / Cumulative CPI

Question 7

EAC =

Answer 7

AC + (BAC – EV)

Question 8

EAC =

Answer 8

AC + [BAC – EV / (Cumulative CPI ´ Cumulative SPI)]

Question 9

Channels of communication

Answer 9

[N(N-1)/2]

Question 10

Mutually exclusive

Answer 10

Events that cannot occur together in a single trial are known as

Question 11

Handed project charter

Answer 11

now identify stakeholders to get input on scope

Question 12

High probability risk, low impact

Answer 12

add to watch list

Question 13

Passive risk acceptance =

Answer 13

deal with risk as it occurs

Question 14

Join organization, first thing -

Answer 14

talk to stakeholders to get understanding of org and projects

Question 15

Environmental risks consultant

Answer 15

time and materials contract

Question 16

Determines priorities n large org

Answer 16

PMO

Question 17

Best interest of project for risk to happen

Answer 17

Exploit

Question 18

Stakeholder analysis =

Answer 18

learning about requirements of stakeholders and adjusting to meet needs

Question 19

Buffers =

Answer 19

act as a cushion for risks

Question 20

Acceptance =

Answer 20

no appropriate risk response and risk is inevitable

Question 21

Best for completing lessons learned =

Answer 21

stakeholders

Question 22

Stakeholders are dissatisfied with deliverables =

Answer 22

should have defined scope better

Question 23

start formula

Answer 23

late start - early start

Question 24

positive float

Answer 24

is amount of time as a buffer to delay

Question 25

free float

Answer 25

amount of time activity can be delayed without delaying early start date of successor activity

Question 26

project float

Answer 26

amount of time an activity can be delayed without delaying project completion date

Question 27

feeding buffers

Answer 27

added to chain of dependent activities not on critical chain

Question 28

project buffers

Answer 28

added to protect targeted finish date

Question 29

duration buffer

Answer 29

added to non schedule work activities to address uncertainty

Question 30

network diagram

Answer 30

shows interdependencies between activities

Question 31

Beta Standard Deviation =

Answer 31

(P-O)/6

Question 32

PERT =

Answer 32

(P+4M+0) / 6

Question 33

plan cost mgmt process =

Answer 33

process to provide guidance on how to manage and control costs

Question 34

rough order estimate

Answer 34

- made during project initiating | - range of -25% to +75% from actual value

Question 35

budget

Answer 35

- made during project planning | - 10% to +25%

Question 36

definitive

Answer 36

- as things become clear during project | - -5% to +10%

Question 37

negative cost variance =

Answer 37

project is over budget

Question 38

negative SV =

Answer 38

project is behind schedule

Question 39

CPI > 1

Answer 39

good

Question 40

quality mgmt

Answer 40

involves processes and activities that ensure product and product requirements are validated, checked and fulfilled

Question 41

Plan Quality Management Process

Answer 41

identifying requirements and existing standards

Question 42

Pert Estimate =

Answer 42

(Optimistic + (4 X Most Likely) + Pessimistic)/6

Question 43

PV

Answer 43

FV / (1 + r)^n

Question 44

NPV

Answer 44

= Total PV revenue - total PV costs