The following is a network diagram for a project.How many possible paths are identified for this project?
Answer(s): B
The following is a network diagram for a project.The free float for Activity H is how many days?
Answer(s): A
Every project creates a unique product, service, or result that may be:
Correlated and contextualized information on how closely the scope is being maintained relative to the scope baseline is contained within:
Answer(s): D
4.4.1.5 Work Performance InformationWork performance information is the performance data collected from various controlling processes, analyzed in context, and integrated based on relationships across areas. Thus work performance data has been transformed into work performance information. Data in itself cannot be used in the decision-making process as it has only out-of-context meaning. Work performance information, however, is correlated and contextualized, and provides a sound foundation for project decisions.Work performance information is circulated through communication processes. Examples of performance information are status of deliverables, implementation status for change requests, and forecasted estimates to complete.5.4.3.1 Scope BaselineThe scope baseline is the approved version of a scope statement, work breakdown structure (WBS), and its associated WBS dictionary, that can be changed only through formal change control procedures and is used as a basis for comparison. It is a component of the project management plan. Components of the scope baseline include:Project scope statement. The project scope statement includes the description of the project scope, major deliverables, assumptions, and constraints.WBS. The WBS is a hierarchical decomposition of the total scope of work to be carried out by the project team to accomplish the project objectives and create the required deliverables. Each descending level of the WBS represents an increasingly detailed definition of the project work. The WBS is finalized by assigning each work package to a control account and establishing a unique identifier for that work package from a code of accounts. These identifiers provide a structure for hierarchical summation of costs, schedule, and resource information. A control account is a management control point where scope, budget, actual cost, and schedule are integrated and compared to the earned value for performance measurement. Control accounts are placed at selected management points in the WBS. Each control account may include one or more work packages, but each of the work packages should be associated with only one control account. A control account may include one or more planning packages. A planning package is a work breakdown structure component below the control account with known work content but without detailed schedule activities.WBS dictionary. The WBS dictionary is a document that provides detailed deliverable, activity, and scheduling information about each component in the WBS. The WBS dictionary is a document that supports the WBS. Information in the WBS dictionary may include, but is not limited to:○ Code of account identifier,○ Description of work,○ Assumptions and constraints,○ Responsible organization,○ Schedule milestones,○ Associated schedule activities,○ Resources required,○ Cost estimates,○ Quality requirements,○ Acceptance criteria,○ Technical references, and○ Agreement information
The most appropriate project life cycle model for an environment with a high level of change and extensive stakeholder involvement in projects is:
2.4.2.4 Adaptive Life CyclesAdaptive life cycles (also known as change-driven or agile methods) are intended to respond to high levels of change and ongoing stakeholder involvement. Adaptive methods are also iterative and incremental, but differ in that iterations are very rapid (usually with a duration of 2 to 4 weeks) and are fixed in time and cost.Adaptive projects generally perform several processes in each iteration, although early iterations may concentrate more on planning activities.The overall scope of the project will be decomposed into a set of requirements and work to be performed, sometimes referred to as a product backlog. At the beginning of an iteration, the team will work to determine how many of the highest priority items on the backlog list can be delivered within the next iteration. At the end of each iteration, the product should be ready for review by the customer. This does not mean that the customer is required to accept delivery, just that the product should not include unfinished, incomplete, or unusable features.The sponsor and customer representatives should be continuously engaged with the project to provide feedback on deliverables as they are created and to ensure that the product backlog reflects their current needs.Adaptive methods are generally preferred when dealing with a rapidly changing environment, when requirements and scope are difficult to define in advance, and when it is possible to define small incremental improvements that will deliver value to stakeholders.
Post your Comments and Discuss PMI CAPM exam prep with other Community members:
Our website is free, but we have to fight against AI bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the CAPM content, but please register or login to continue.