In the past year, a company paid US$60,000 to an external subcontractor for an ongoing project. The project manager has been asked to evaluate if the project can be delivered more cost effectively this year by using internal labor. The project manager used an optimistic term of 4 months, a pessimistic term of 6 months, and a most expected term of 5 months, and has concluded that the service can be delivered with the following resources:✑ Two engineers (monthly salary of US$700 each)✑ One project manager (monthly salary of US$1,600)✑ Additional estimated monthly expenses of US$2,000The project manager used the program evaluation and review technique (PERT) to calculate the savings if the project is delivered with in-house resources.How much money will the project manager estimate the company can save?
Answer(s): A
A project is ready to deliver the first batch of the product when a quality control check rejects the product as unfit for delivery. The root cause analysis (RCA) shows that a component added as part of the latest change request was not tested throughout the development cycle.What should the project manager do next?
A project manager has been assigned with initiating a large project to deliver complex equipment. Part of the project will be the result of a long research process, but once this is completed, the other part of the project must be incrementally delivered to the customer.Which approach should the project manager choose for this project?
Answer(s): B
A project team strongly encourages the project manager to purchase an application that will significantly reduce work time. Without the application, the deadline might be missed. However, the purchase will impact the project cost. The sponsor would like to explore a less expensive application that will save the team's time.What should the project manager do?
Answer(s): D
A project manager is leading an engineering project. The project manager must obtain some certifications before mass production, which is scheduled in 3 months. The certification process will require at least 6 months.What should the project manager do next?
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