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Free PMI-SP Exam Braindumps (page: 33)

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PDF with 326 Questions

Allen works as a project manager of the NHY project. This project is scheduled to last for two years and has a BAC of $5,400,000. He is currently 45 percent complete with this project, though he is supposed to be at his second milestone, which accounts for half of the project completion. There have been some errors in the project, which have caused Allen to spend $2,093,754.
What is this project's schedule variance?

  1. - $210,000
  2. - $720,000
  3. - $250,000
  4. - $270,000

Answer(s): D

Explanation:

The schedule variance can be found by subtracting the planned value from the earned value. In this instance, it is:

EV = (0.45 * 5,400,000)
= 2,430,000
PV = (0.50 * 5,400,000)
= 2,700,000
SV = EV - PV
= 2,430,000 - 2,700,000
= - $270,000

Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that the schedule is ahead or behind what was planned for this period in time. The schedule variance is calculated based on the following formula:

SV = Earned Value (EV) - Planned Value (PV)

If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater than 0 shows that the project is ahead of the planned schedule. A value of 0 indicates that the project is right on target.



Which of the following is an output of the Identify Stakeholders process?

  1. Scope baseline
  2. Project scope statement
  3. Project charter
  4. Stakeholder register

Answer(s): D

Explanation:

The Identify Stakeholders process identifies all people or organizations that are impacted by the project. It also documents relevant information regarding their interests, involvement, and impact on project success. Stakeholder register and stakeholder management strategy are outputs of this process.
Answer option C is incorrect. Project charter is one of the inputs of the Identify Stakeholders process.
Answer option A is incorrect. Scope baseline is one of the outputs of the Create Work Breakdown Structure (WBS) process.
Answer option B is incorrect. Project scope statement is one of the outputs of the Define Scope process.



Examine the figure given below:



You are the project manager of this project. Tom, a project team member, reports that Activity D will be delayed by 12 days due to the unavailability of the resources from the vendor.
What will this delay do to your project completion, if you allow the delay to enter into the project?

  1. The project will be one day late.
  2. The float for activity D will be consumed.
  3. The project can still finish on time.
  4. The project will be seven days late.

Answer(s): A

Explanation:

The project will be just one day late due to this delay. The path ADGJ takes a total of 15 days. If Activity D takes a total of 13 days (i.e. 12 + 1), then the path will now take 27 days to complete. This causes the critical path to shift to ADGJ and the project will end on day 27 rather
than day 26.
Answer options D, B, and C are incorrect. These are not the valid answers, as the project will now take 27 days to complete, rather than 26.



You work as a project manager for BlueWell Inc. You would like to crash your project to help the project schedule to get back on track.
What is the primary danger of crashing?

  1. Crashing increases project costs.
  2. Crashing is a top-down approach to project completion.
  3. Crashing restricts resource utilization.
  4. Crashing always increases project risks.

Answer(s): A

Explanation:

Crashing adds project resources and usually increases costs - though it may also increase some project risks. Crashing is a schedule compression technique to obtain the greatest amount of compression for the least incremental cost. Crashing works for activities where additional resources will shorten the duration. Approving overtime, bringing in additional resources, paying to expedite delivery to activities on the critical path are examples of crashing.
Answer option D is incorrect. Crashing does not always increase project risks.

Answer option C is incorrect. Crashing does not restrict resource utilization - that is resource leveling.
Answer option B is incorrect. This is not a valid definition or description to crashing the project.






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