Nancy is the project manager of a project with 78 stakeholders. This is a high-profile project and she needs to express to her project team and to the management the importance of communication in this project. She would like to show the number of stakeholder communication channels in the project. Based on this information how many communication channels exist within this project?
Answer(s): C
Communication channels are paths of communication with stakeholders in a project. The number of communication channels shows the complexity of a project's communication and can be derived through the formula shown below:Total Number of Communication Channels = n (n-1)/2where, n is the number of stakeholders. Hence, a project having five stakeholders will have ten communication channels. Putting the numberof stakeholders in the formula we can get the required communication channel for the project. It is (78 x 77)/2 for 3,003 communicationchannels.Answer options A, B, and D are incorrect. These numbers do not reflect the accurate number of communication channels in the project.
You are the project manager for your organization. You and the project team are developing the project schedule for your current project. This project management process will create four outputs. Which of the following is an output of the Develop Schedule process?
Answer(s): B
The schedule baseline is the only output of the develop schedule process among these answers. The three other outputs of the DevelopSchedule Process are: project schedule, schedule data, and project document updates. Answer option D is incorrect. Activity duration estimates are an output of the Estimate Activity Duration process.Answer option A is incorrect. Work performance information is an input of the Control Schedule process.Answer option C is incorrect. Resource calendars are an input to the Develop Schedule process.
You are the project manager of the NDF project. You need to determine how often a complete project report can be made, including forecasted project completion information for your project.How often should the report be created?
Performance reports should be created regularly or on an exception basis. A performance report tracks the performance of the program/project team members. A template can be created that tracks performance, such as work results, schedule, costs, and other factors. The performance report must include both the positive and negative performance for the staff. Answer option A is incorrect. Weekly may be appropriate for many projects, but it does not include the opportunity to create a report by exception.Answer option D is incorrect. Regular reporting is also needed or at least, an option for the project manager. Answer option B is incorrect. This is not a valid answer as milestones will vary per project and does not offer an opportunity for exceptions reporting.
You are the project manager of the OOI Project and you're forty percent complete with this project. The project has a BAC of $2,345,650 and you have spent $950,000 to date. Based on your aggressive scheduling you should be at the 45 percent milestone today, but due to some early delays you're running late. What is the planned value of your project?
The planned value is forty-five percent of the project's BAC, or $1,055,543. Planned value (PV) is the authorized budget assigned to the schedule work to be accomplished for a schedule activity or work breakdown structure component. It serves as a baseline against which actual performance is measured. The theory of planned value is of vital importance to the project management team and it is important to keep careful track of this. The term planned value can also be in some situations referred to by the project management team and the project management team leader as the budgeted cost of work scheduled (BCWS). Answer option D is incorrect. $938,260 is the project's earned value. Answer option A is incorrect. $950,000 is the project's actual costs.Answer option B is incorrect. $2,375,000 is the project's estimate at completion.
You are the project manager of the GHY Project. This project is scheduled to last for one year and has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are supposed to be at your second milestone, which accounts for half of the project completion. There have been some errors in the project, which has caused you to spend $2,073,654. Based on the budget at completion, what is this project's to-complete performance index?
Answer(s): D
The to-complete performance index shows the likelihood of reaching the project objectives based on the current performance. The formula is (BAC-EV)/(BAC-AC) for a result of 1.02. The higher the value over 1 the less likely the project is to reach its objectives based on the current performance.To-complete Performance Index (TCPI) is the measured projection of the anticipated performance required to achieve either the BAC or theEAC. TCPI indicates the future required cost efficiency needed to achieve a target EAC (Estimate At Complete).Once approved, the EACsupersedes the BAC as the cost performance goal. Any significant difference between TCPI and the CPI needed to meet the EAC should beaccounted for by management in their forecast of the final cost.The formula for TCPI is as follows:TCPI = {(BAC-EV)/(BAC-AC)}Answer option B is incorrect. This is the cost performance index for this project. Answer option A is incorrect. This is the expected variance at completion. Answer option C is incorrect. This is not a valid answer for this question.
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