QUESTION: 133

You work as a project manager for BlueWell Inc. Management has asked you to communicate with them whenever your project is about to reach a milestone so that they can review your project performance to date. Where can you find a list of the project milestones to anticipate management's request?

Scope baseline
Milestone list
Project charter
Project Schedule Management Plan

Answer(s): B

Explanation:

The milestone list is the best answer.
A milestone list provides a sequence of indicators about project progress to date and achievements or goals, which are to be achieved. The
milestone list is used in project management as an indication of progress through the achievement of a major project accomplishment. It is a
project document that is not part of the project management plan. The list contains all the project milestones along with information indicating
whether they are mandatory to achieve or not.

Answer option A is incorrect. The scope baseline is a collection of the project scope, the WBS, and the WBS dictionary.

Answer option D is incorrect. The project schedule management plan is not the best answer, as the milestone list is the most direct result.

Answer option C is incorrect. The project charter is not the best answer for identifying the milestones.

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QUESTION: 134

Beth works as a project manager for BlueWell Inc.
Which of the following tools and techniques of Administer Procurements process will Beth use to manage contracts, and procurement documentation and records?

Records Management System
Performance reporting
Inspection and Audit
Payment System

Answer(s): A

Explanation:

A records management system is used to manage contract, and procurement documentation and records by the project managers. It includes specific set of processes, related control functions, and automation tools that are merged as part of the project management information system.
Answer option D is incorrect. Payment system determines the payments to the seller, which is processed by the account payable system of

the buyer after certification of satisfactory work by the authorized person on the project team.
Answer option C is incorrect. Inspection and audits are required by the buyer and supported by the seller as mentioned in the procurement
contract during execution of the project to verify the compliance in the seller's work processes or deliverables.

Answer option B is incorrect. Performance reporting offers the management with the information about how effectively the seller is achieving
the contractual objectives.

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QUESTION: 135

Billy is the project manager of the PQW Project and she has an assigned project budget of $655,000. Currently she is 80 percent complete with the project though she was scheduled to be 90 percent done by this date. She has spent $490,000 to date.
What should Billy report as her cost performance index (CPI)for this project?

.07
1.07
$34,000
.89

Answer(s): B

Explanation:

Cost performance index (CPI) is used to calculate performance efficiencies. It is used in trend analysis to predict future performance. CPI is the ratio of earned value to actual cost. The CPI is calculated based on the following formula:
CPI = Earned Value (EV) / Actual Cost (AC)
If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value is less than 1, it shows poor performance. The CPI value of 1 indicates that the project is right on target. In this instance the earned value is $524,000 and the actual costs are $490,000. In this project Billy has spent less than what the work is worth - a good thing.
This could be because of a cost savings,
such as travel or shipping, or because a risk event didn't come into play. This causes the positive CPI - something which does not happen very often.
Answer option A is incorrect. .07 is an incorrect calculation for the cost performance index for the project.
Answer option D is incorrect. .89 represents the schedule performance index.
Answer option C is incorrect. $34,000 is the cost variance of the project.

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QUESTION: 136

Wendy is the project manager for the NHQ project. She is working with her project to begin creating

the project duration estimate. Her organization is in weak matrix and several of the project team members are scheduled to complete work on other projects.
What input will most likely be of the biggest assistance as Wendy and the project team begin creating the duration estimate for this project?

Project charter
Project scope statement
Project communications management plan
Resource calendar

Answer(s): D

Explanation:

The resource calendar is needed because it will help Wendy and the project team to determine when the project team resources will be available. The availability of the project resources can affect the overall duration of the project.
A resource calendar is used to make sure that work resources (people and equipment) are scheduled only when they are available for work.
They affect a specific resource or category of resources. By default, the working time settings in the resource calendar are the same as in the
project calendar. However, a user can customize the resource calendar to show individual schedule information, such as vacations, leaves of
absence, or equipment maintenance time.

Answer option B is incorrect. The project scope statement is an input to the estimate activity duration estimate, but it is not the best choice for this question.
Answer option C is incorrect. The project communications management plan is not an input to the estimate activity duration process.

Answer option A is incorrect. The project charter is not an input to the estimate activity duration process.

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QUESTION: 133

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