What project management plan will document the time frame and frequency for the distribution of required information?
Correct Answer:
B
The project's Communications Management Plan defines what information will be distributed, when it will be distributed, to whom it will be distributed, and the modality of the information.
Answer option D is incorrect. The Schedule Management Plan defines the project work, when the project work will happen, resource utilization, and how the schedule will be monitored and controlled.
Answer option C is incorrect. There is a stakeholder management strategy, but not a Stakeholder Management Plan.
Answer option A is incorrect. The project's Scope Management Plan defines how the scope
will be created, how the changes will be allowed, how the scope will be executed, monitored and controlled, and finally closed.
Which of the following allows activities to be done in parallel that would normally be done in sequence?
Correct Answer:
C
Fast tracking is a technique for compressing project schedule. In fast tracking, phases are overlapped that would normally be done in sequence. It is shortening the project schedule without reducing the project scope.
Answer option D is incorrect. Crashing is a process in that the project manager adds more resources to effort-driven activities in an attempt to shorten their duration.
Answer option A is incorrect. A lag time is a delay between the predecessor and the successor tasks. Sometimes it may be needed to schedule a delay between the predecessor and the successor tasks. For example, if two coats of paint are required to paint a car, then the final coat should be applied only when the first coat dries. This delay is known as the lag time. The lag time is entered as a positive value. The lag time can be entered as a duration or as a percentage of the predecessor's task duration. It is entered on the Predecessor tab in the Task Information dialog box.
Answer option B is incorrect. A lead time is the time that overlaps between the predecessor and the successor tasks. The successor task can start before the predecessor task finishes. For example, if a task can start when its predecessor is one-fourth finished, a finish-to-start dependency with a lead time of 25 percent for the successor task can be specified. The lead time is entered as a negative value. The lead time can be entered as a duration or as a percentage of the predecessor's task duration. It is entered on the Predecessor tab in the Task Information dialog box.
You are the project manager for your organization. You are working on creating the activity list so that you can create the project schedule. This current project is similar to a project you have completed for your company. You and the project team decide to use the previous project as a template for your current project. A template can help you and the project team do all of the following except for which one?
Correct Answer:
B
Parametric estimates are created for repetitive tasks, such as four hours per unit installed; 1,000 units to install would equate to 4,000 hours. A template does not address this type of time estimating directly. A template for time estimating is an analogous estimate type. A template for any project is an activity list or a part of the activity list from a previous project. The template contains the activity attributes information and other vivid information that are helpful to define activities. It is also used to classify schedule milestones.
Answer option D is incorrect. Templates can include activity attribute information. Answer option A is incorrect. Templates do indicate milestones.
Answer option C is incorrect. Templates can save time for the project manager and the
project team.
You are project manager of HHK project. Examine the network diagram given below:
A vendor reports that he will be four days late on the materials you'll need in order to complete Activity E. Based on the project network diagram, how many days can Activity E be delayed?
Correct Answer:
A
Activity E has four days of float. The entire project will take 19 days to complete. Float, also called slack, is the amount of time an activity can be delayed without affecting any subsequent activities. There are two types of floats available: Free Float: It is the amount of time a schedule activity can be delayed without delaying the early start date of any immediately following schedule activities. Total Float: It is the total amount of time that a schedule activity may be delayed from its early start date without delaying the project finish date, or violating schedule constraint. Float is calculated by using the critical path method technique.
Answer option D is incorrect. Activity E is not on the critical path.
Answer options C and B are incorrect. These are incorrect calculations of the amount float available for Activity E.
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?
Correct Answer:
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 the EAC. TCPI indicates the future required cost efficiency needed to achieve a target EAC (Estimate At Complete).Once approved, the EAC supersedes the BAC as the cost performance goal. Any significant difference between TCPI and the CPI needed to meet the EAC should be accounted 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.
