If you know expected value is 500 and the standard deviation is 12, you can say with approximately a 95 percent confidence rating which of the following?
Answer(s): C
There is a 95 percent probability that the work will finish within plus or minus two standard deviations. The expected value is 500, and the standard deviation times 2 is 24, so the activity will take from 476 to 524 days.
You are working on a project that was proceeding well until a manufacturing glitch occurred that requires corrective action. It turns out the glitch was an unintentional enhancement to the product, and the marketing people are absolutely crazy about its potential. The corrective action is canceled, and you continue to produce the product with the newly discovered enhancement. As the project manager, you know that a change has occurred to the project scope. Which of the following statements is true?
Answer(s): A
A project scope change affects the performance measurement baselines, which might include schedule baselines and cost baselines.
You are managing an internal project where a vice president from the user group is acting as the sponsor. You have just been informed by your team that the critical path has slipped by three weeks. You should:
Parametric estimates are based on variables such as:
Answer(s): B
All of the following are true regarding Communications Planning except for which one?
Communications requirements analysis and communications technology are the tools and techniques of the Communications Planning process.
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