Saint PRM520 / Saint PRM520 Midterm Exam 2016

Question

Question 1.1.Which is a key benefit of the Control Cost process? (Points : 9)

Provides the means to recognize variance from the plan in order to take corrective action
Approves changes to the budget
Assures the project will not overrun the budget
Makes changes to the Project Management Plan
Question 2.2.Actual cost is: (Points : 9)

the authorized budget assigned to scheduled work.
the realized cost for the work performed.
the activity amount before any reserves are included.
a measure of the work performed expressed in terms of the budget authorized for that work.

Question 3.3.There is (are) _________ way(s) to calculate the EAC. (Points : 9)

four

two

three

one

Question 4.4.What should be used if EVM is not being used? (Points : 9)

Actual costs
Planned costs

Budgeted costs

Analysis of the cost baseline against actual costs for the work performed

Question 5.5.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425, what is cost performance index (CPI)? (Points : 9)

1.11

0.85

0.9

1.18

Question 6.6.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425, what is schedule performance index (SPI)? (Points : 9)

1.11

0.94

0.9

1.05

Question 7.7.One way to calculate the estimate at completion (EAC) is to divide the budget at completion (BAC) by the __________. (Points : 9)

(CPI*SPI)
TCPI

SPI

CPI

Question 8.8.Perform Quality Assurance is in the __________ Process Group: (Points : 9)

Monitoring and Controlling
Closing
Executing
Planning

Question 9.9.Which is a key benefit of the Perform Integrated Change Control process? (Points : 9)

Makes changes to the project management plan

Allows stakeholders to understand the state of the project

Prepares deliverables for acceptance

Reduces risk
 

Question 10.10.Configuration identification management activities are included in the__________ process: (Points : 9)

Perform Integrated Change Control

Validate Scope

Control Scope

Collect Requirements

Question 11.11.Processes in which of the following Project Management Process Groups produce change requests? (Points : 9)

Planning
Initiating
Executing

All of the above

Question 12.12.A __________ is used to document changes that occur during the project. (Points : 9)

change log

change control board

change baseline

change request

Question 13.13.Administrative closure of the project includes all of the following except: (Points : 9)

activities to collect project records

release resources

actions and activities to satisfy completion criteria

actions to transfer the project’s products to the next phase

Question 14.14.The project’s cost of changes typically: (Points : 9)

increases as the project time increases

stays the same during the project time

decreases as the project time increases.
peaks in the middle of the project time.
Question 15.15.The key benefit of the Control Scope process is it: (Points : 9)

accepts deliverables.
verifies deliverables

allows the scope baseline to be maintained

reduces rework.
Question 16.16.Change requests outputs from Validate Scope for defect repair are: (Points : 9)

sent directly to the Direct and Manage Project Work process.
reviewed in the Quality Control process.
reviewed in the Perform Integrated Change Control process.
reviewed in the Quality Assurance process.
Question 17.17.The organizational process assets that can influence the Control Scope process include the following except: (Points : 9)

informal scope control-related policies

monitoring and reporting templates

formal scope control-related policies

variance analysis

Question 18.18.Fast tracking is a technique used to shorten the schedule by: (Points : 9)

reducing scope

changing the critical path

doing tasks in parallel

adding resources

Question 19.19.Schedule performance reviews include all of the following except: (Points : 9)

critical path method

crashing.

trend analysis

earned value management

Question 20.20.Change requests outputs from Control Scope process are: (Points : 9)

reviewed in the Perform Integrated Change Control process.
reviewed in the work performance data.
reviewed in the Quality Assurance process.
sent directly to the Direct and Manage Project Work process.

 

 

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