QUESTION: 41

A project manager for a small construction company has a project that was budgeted for US $130,000 over a six-week period. According to her schedule, the project should have cost US $60,000 to date. However, it has cost US $90,000 to date. The project is also behind schedule, because the original estimates were not accurate.
Who has the PRIMARY responsibility to solve this problem?

Project manager
Senior management
Project sponsor
Manager of the project management office

Answer(s): A

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QUESTION: 42

While reviewing project performance, the project manager determines that the schedule variance is -500.
What is the BEST thing to do?

Let the sponsor know.
Determine the cost variance.
Look for activities that can be done in parallel.
Move resources from the project to one that is not failing.

Answer(s): B

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QUESTION: 43

The sponsor has informed you that the resources for your project will be cut. The sponsor wants to know how long the project will take if only nine resources each month are committed to your project.
What is this activity called?

Crashing
Floating
Leveling
Fast tracking

Answer(s): C

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QUESTION: 44

A project has experienced significant delays due to equipment problems, staff attrition, and slow client reviews. The project is 40 percent complete and has used 60 percent of the available calendar time.
What is the FIRST thing you should do?

Re-baseline the schedule to reflect the new date.
Analyze the critical path activities for potential to fast track or crash the schedule.
Document the lack of progress and associated issues to management.
Identify activities that required more time than planned.

Answer(s): D

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