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construction project management
Preparing For The Project Management Professional (PMP Certification Exam) 2nd Edition Michael W. Newell PMP ENP - Solutions
A project manager is using the earned value reporting system to manage his project. At this point in time the EV is $24,000, the BAC is$97,000, the PV is $29,000, and the AC is $45,000. What is the percent complete?a. 30%b. 25%c. 46%d. 53%
During the full life cycle of the project, a plot of the project’s expected expenditures will usually follow a characteristic ‘‘S’’ shape. This indicates that:a. There is a cyclic nature to all projects.b. Problems will always occur in the execution phase.c. There are high expenditures
If the net present value for each of the cash flows were calculated at a 10% interest rate, the net present value cash flow at the end of five years would be:a. Greater than the total cash flow without the net present value applied.b. Less than the total cash flow without the net present value
What is the net cash flow at the end of five years?a. 50,000b. 50,000c. 850,000d. 100,000
What is the payback period for this project?a. One yearb. Two yearsc. Three yearsd. Four years
The contingency budget will:a. Reduce the probability of scope changes.b. Reduce the probability of cost overruns.c. Increase the probability of a cost overrun.d. Increase the probability of scope changes.
One of the tasks that the person in the above project is assigned requires 100 hours of effort. What is the cost of the task?a. $12,187b. $16,927c. $9,750d. 13,541
What is the cost of this employee for the project?a. $136,760b. $126,750c. $176,041d. $101,400
A project manager is preparing the budget for the project. There are several inputs to the budgeting process that the project manager will use. One of the things that the project manager will not use is the:a. Cost estimates.b. Project schedule.c. Cost baseline.d. Work breakdown structure.
A project manager decides that for this point in the project life cycle she will use an analogous estimate. One of the things that the project manager will not have to worry about in preparing this estimate is:a. Activity listings.b. Scaling the estimate.c. Quantifying the estimate.d. Historical
A project manager is considering applying learning curve theory to his project. The project involves designing a number of software modules that are very similar. According to the cost figures that have been collected the first unit required 100 person-hours to design and test. The second unit
Learning curve theory emphasizes that in producing many goods:a. Cost decreases as production rates increase.b. Average unit cost decreases as more units are produced.c. Materials become cheaper when they are purchased in bulk.d. Laborers become more productive because of technological advances.
A construction company is being measured by the earned value reporting method. During the project one of the tasks, installing ten elm trees, was completed. The planned value for this task was $4,000, and it was completed two weeks ago. Unfortunately for the contractor, maple trees should have been
What factors need to be known in order to be able to calculate the ETC?a. Budget at completion, actual cost, and planned valueb. Budget at completion, earned value, and actual costc. Estimate at completion and planned valued. Estimate at completion and actual cost
The calculation of the EAC assumes that:a. The schedule performance index will remain the same for the remaining part of the project.b. The cost performance index will remain the same for the remaining part of the project.c. The BAC will be different by the end of the project.d. The EAC will
What is the EAC at week 4?a. 20,000b. 15,555c. 25,740d. 17,717
What is the schedule variance in week 2?a. 500b. 1,000c. 500d. 1,000
What is the cost variance for week 4?a. 0b. 2,000c. 2,000d. 7,000
What is the EV for week 5?a. 7,000b. 6,500c. 9,000d. 5,000
No other work is reported to be complete during week
During week 5 it is found that some of the work that was reported complete in week 2 was considered unacceptable. It will require $500 to fix the problem and make this work acceptable. The work is scheduled to be done in week
What is the BAC for the project during week 4?a. 7,000b. 9,000c. 5,000d. 20,000
What is the schedule performance index for week 3?a. 1.200b. 0.833c. 1.000d. 1.500
What is the cost performance index for week 4?a. 1.000b. 0.777c. 1.286d. 1.250
Life cycle costing:a. Is a method of including all of the cost associated with the project over its entire life.b. Is a federal government accounting method.c. Is a method of predicting the life of a project.d. Is a method of evaluating projects when they are complete.
Using the formula: Present value S/(1i)n where ‘‘i’’ is the interest rate in percentage, ‘‘n’’ is the number of periods, and ‘‘S’’ is the starting amount, the following table is produced:Based on the table, what is the value of an annual income flow of $1,300 each year over
A large piece of equipment is needed for the project. It will be retained and used after the project is completed. The equipment has a value of$500,000, and it has a scrap value of $50,000 at the end of its useful life of ten years. If the sum of the years’ digits method of depreciation is used,
The time phased cost of the project that reflects the expenditures rather than the consumption of a resource that will be used to measure and monitor cost performance on a project is the:a. Spending plan.b. Cost baseline.c. WBS.d. Schedule.
In terms of earned value reporting, a project is considered complete when the:a. BAC is equal to the PV.b. The EV is equal to the AC.c. The PV is equal to the AC.d. The BAC is equal to the EV.
Which of the following choices would be an acceptable cause for ‘‘rebaselining’’a $10 million project?a. The monthly consumer price index on some of the commodities used on the project have been identified as having gone up by 1.6%, an increase of 46% over the 1.1% which had been
The act of doing anything that will help to bring future project performance into line with the project plan is called:a. Budget update.b. Revised cost estimate.c. Corrective action.d. Contingency planning.
A project team receives an approved change request from the customer.The team has previously estimated that the cost to implement this change is $10,000. The customer has agreed to pay this amount for the additional work. The customer realizes that there is a 50 percent chance that this change will
A project is formed to produce a product that will be used for transporting people. Costs that are associated with the project that occur after the delivery of the product to the customer are considered to be what kind of cost?a. Prorated costsb. Expensesc. Life cycle costd. Expected value
What characteristic best describes the cost baseline?a. Total budget for the projectb. Time phased budget for the projectc. Total budget for the project including the contingency budgetd. Total budget for the project including the contingency budget and the management reserve
A project manager and the project team identify several specific risks in a project. The expected value of these risks is estimated at $10,000. The impact on the project brought about by these risks is estimated at$40,000. What value should be entered into the contingency reserve for these risks?a.
A project manager and the project team identify several specific risks in a project. The expected value of these risks is estimated at $10,000. The impact on the project brought about by these risks is estimated at$40,000. What value should be entered into the management reserve for these risks?a.
To distinguish top down estimates form bottom up estimates, it would be correct to say that the bottom up estimate would be:a. Less accurate.b. Both have about the same accuracy.c. More accurate.d. No different to perform that the top down estimate.
A project manager wants to make a trip to California by car. The project manager knows someone who has made this trip before. This person has a similar car to the one that the project manager has, and the person has kept good records on the money spent for fuel on the trip. The distance that the
A project manager wants to make a trip to California by car. The project manager knows how many miles it will be to drive to California, the current price of gasoline, and how many miles the car will go on a gallon of gasoline. From this information he or she can calculate the estimated cost of the
According to the Guide to the PMBOK the lowest level of the work breakdown structure is:a. The task.b. The activity.c. The work package.d. The element.
In distinguishing PERT from CPM one could say that:a. PERT is probabilistic and CPM is deterministic.b. CPM is probabilistic and PERT is deterministic.c. Either one is deterministic or probabilistic depending on how they are used.d. Neither one is deterministic or probabilistic.
The project manager for a project is going to use the PERT method of scheduling for the project that she is working on. Using the PERT calculation the variance for the project is found to be 25 days and the duration of the project is found to be 169 days. What is the range of values for the project
A project manager would like to manage his project in such a way that he will be able to predict more accurately the duration of the project even though the estimates for the duration of the activities have a lot of variability. The project manager should use which method to more accurately predict
A project manager would like to manage his project in such a way that he will be able to identify specific tasks that should be watched and managed more closely than others. The project manager should use which method?a. The PERT methodb. The critical path methodc. The GERT methodd. The PCDM method
A project manager is approached by the major stakeholder in the project and is asked to reduce the time for the scheduled completion of the project. The project manager reviews the project plans and the progress that has been made on the project. He or she decides that the best approach to solving
The key inputs to activity definition are:a. Work breakdown structure, the project schedule, and the network diagram.b. Project schedule, progress reports, and change requests.c. The project network diagram, constraints, and durations.d. The work breakdown structure, the scope statement, and
A project is nearly 33% complete according to the earned value reporting method. An identified risk has occurred, and the project manager has chosen to draw funds from the contingency fund and add the activities necessary to deal with the problems associated with the risk. What should he do next?a.
According to the Guide to the PMBOK, work packages can be divided into:a. Smaller work packages.b. Tasks.c. Activities.d. Subprojects.
In the first attempt in resource leveling the project schedule, what would you expect to occur?a. The number of required resources will increase during certain time periods of the project.b. The number of required resources will decrease during certain time periods of the project.c. The overall
A project manager looks at her schedule and sees that there has been a delay in completing a task. It seems practical to move a person from another task that is an expert on the work that is behind. There is a choice of using two different persons that are working on two different tasks. One person
A project manager is managing a project and is considering the reschedule of an activity because one of the project engineers must work on this activity and another activity at the same time. Each of the activities is scheduled to have a duration of two weeks. One of the activities is on the
The program evaluation and review technique (PERT) method of scheduling differs from the critical path method (CPM) because the PERT method:a. Uses weighted averages of activity durations to calculate project duration.b. Uses ‘‘dummy’’ activities to represent logic ties.c. Uses ‘‘free
The overall duration of the project schedule is not influenced by:a. Using mandatory dependencies as constraints.b. Using discretionary dependencies as constraints.c. The availability of the resources that are assigned to perform the work.d. Using the arrow diagramming method instead of the
The project schedule is not used to determine:a. The start and finish dates of the activities.b. Occasional changes to the activity listing.c. The total float of the activities.d. The project’s budget.
The main difference between the two types (ADM, arrow diagramming method, and PDM, precedence diagramming method) of the critical path method (CPM) of scheduling is:a. Placement of the activity on the logic diagram line.b. Arrow diagramming method (ADM) is a deterministic method, whereas the
Which of the following is considered to be a simulation technique?a. PERT analysisb. GERT analysisc. Monte Carlo analysisd. Critical path method
Five tasks are scheduled to be completed in sequence. Each task has a finish-start relationship with the next task. Each has one day of total float. As of today, task one and two have been completed on schedule.How many days of float remain in the schedule for these tasks?a. Twob. Onec. Zerod. Four
A task was scheduled to use two persons, full time, and take two weeks to complete. Instead, the project manager was only able to assign one person to this task. At the end of two weeks, the person assigned to the task was 75% complete. What is the cost performance index?a. .75b. 1.5c. 1.33d. .5
Resource leveling will generally:a. Reduce the time needed to do the project.b. Increase the total time necessary to do all the tasks.c. Reduce the overutilization of resources.d. Reduce resources to the lowest skill that is possible.
Which of the following is true?a. The critical path is the path through the network that has the highest total duration.b. The critical path is the path with the least amount of free float.c. The critical path is the list of activities that have zero float.d. The critical path is the list of
Schedules are used in many ways. In a project to build a bridge the project manager wants to use a tool that will show the scheduled activities in such a way that it is easy to see when each activity starts and finishes and which activities are taking place at the same time. Which tool should be
The original schedule (for a project, a work package, or an activity), plus or minus approved changes, is called:a. The working schedule.b. The target schedule.c. The performance schedule.d. The baseline schedule.
Crashing the schedule means:a. Making the project shorter by any economic means.b. Running the project team on overtime.c. Doing activities that were in sequence in parallel.d. Getting out of town before the project is in trouble.
The project manager decided to improve the predicted completion date for the project by doing in parallel several of the activities that were scheduled to be done in sequence. This is called:a. Crashing.b. Increasing priorities.c. Hurry up defense.d. Fast tracking.
What is the standard deviation for the duration of activity B?a. 1.000b. .133c. .166d. 1.413
What is the expected value of the duration for activity B?a. 5.6b. 2.8c. 3.0d. 2.6
It is desirable to make an estimate that has a greater than 95% chance of being correct. Which of the following ranges of time for the completion of the project best describes this probability of being correct?a. 33.31 to 31.36b. 34.28 to 30.39c. 14.39 to 33.48d. 35.25 to 29.42
What is the expected value of the number of days to complete the project?a. 47.3b. 22.0c. 32.3d. 48
If a project manager were to make Thanksgiving dinner, two of the activities that might be of concern would be roasting the turkey and baking the sweet potatoes. In order to ensure that these two items will be finished cooking and will come out of the oven at the same time, what type of
The above diagram is called:a. Activity on arrow network diagram.b. Network diagram.c. Precedence diagram.d. Gantt chart.
What is the early finish date of activity A?a. May 1b. May 2c. May 3d. May 4
If there is a delay in activity F of six days, what is the effect on the project completion date?a. Increases one dayb. No change to project completion datec. Increases two daysd. Increases three days
What is the early start for activity F?a. May 7b. May 6c. May 5d. May 4
How long is the project in days?a. Nineteenb. Twentyc. Twenty-oned. Eighteen
What is the late start for activity F?a. May 10b. May 11c. May 12d. May 14
What is the critical path of the project?a. A B E G Hb. A B D F Hc. A C G Hd. A B E D F H
What is the free float for activity D?a. 6b. 7c. 8d. 0
What is the free float for activity F?a. 6b. 7c. 0d. 8
What day in May will activity D have for its early finish date?a. May 13b. May 6c. May 7d. May 5
A project manager is managing a project during the planning phase.She chooses to use a precedence network diagram as a graphic planning tool to assist in making the project schedule. The most important reason for using the network diagram as a graphic planning tool is that it makes it easier to see
A project manager is managing a software development project for a hospital. There is a new computer available that will speed up the development process considerably. The new computer costs $50,000 including shipping, installation, and startup. The computer will cause a gross savings of $100,000.
A project team has made up the work breakdown structure for a project.Senior management for the company and all of the stakeholders including the client have approved the WBS. The client later requests that a change be made in the project, which will cost a considerable amount of money. The client
The change management plan should be included in which of the following?a. Scope management planb. Communications management planc. Configuration management pland. Quality management plan
A project manager is managing a project that has reached the end of the planning phase. The work scope has been agreed to and definitive cost estimates have been completed for the project. The total estimated cost of the project is $100,000. It is reasonable to expect that the project will not cost
In a very large project having a budget of $5 million and a project team of over one hundred persons, the project manager constructs a work breakdown structure. The project manager will do the WBS to the detail level of which of the following?a. Taskb. Activityc. WBS elementd. Work package
A project manager is managing a project. The original scope baseline of the project was budgeted at $100,000. Since work on the project started there have been seventeen authorized and approved changes to the project.The changes have a value of $17,000 and the cost of investigating them prior to
A project is proposed to a customer. Price and schedule for delivery are agreed upon. The work breakdown structure is agreed to as well. The customer requests that one of the milestones of the project be completed by a certain date. The project schedule is reviewed, and it is found that the
If the project manager is willing to accept a 5% probability that the project will be delivered later than June 30, what is the standard deviation of the durations of the activities on the critical path? Assume a five day work week.a. Ten daysb. Fifteen daysc. One-half monthd. One month
The expected value of the project completion date is May
A project manager has been asked by the client to meet the promise date of the project. The project manager analyzes the schedule before promising a date to the customer. The project manager uses the program evaluation and review technique to evaluate the project schedule.She decides that based on
A project manager works in a company favoring the weakest authority for the project manager. The type of organization that holds the project manager to be the weakest is:a. Projectized organization.b. Strong matrix organization.c. Weak matrix organization.d. Balanced matrix.
The document that is proof of upper management’s commitment to the project and gives the authority to manage the project to the project manager is called:a. The project plan.b. The project goals and objectives.c. The project charter.d. The project definition.
The coordinated undertaking of interrelated activities directed toward a specific goal that has a finite period of performance is a:a. Project charter.b. Project.c. Set of project objectives.d. Program.
During the course of the project it is important that the stakeholders be informed of the progress of the project. One of the reports that is frequently used is a progress report. Which of the following is true about progress reports?a. They allow stakeholders to judge the performance of the
During the life of a project, the project will go through several phases—initiating, planning, execution, and closeout. Which phase of the project is likely to have the greatest amount of its funding spent?a. Initiatingb. Executingc. Planningd. Closeout
A new project has begun. The project charter has been written and the project manager has been assigned. The project manager is preparing the work breakdown structure for the project. The WBS is typically used for:a. Explaining the scope of the project relevant to the client.b. The basis for
A manager that manages a group of related projects is called a:a. Project manager.b. Project expediter.c. Program coordinator.d. Program manager.
A project manager is reviewing the work breakdown structure for her project. The WBS for the project represents:a. All the tangible items that must be delivered to the client.b. All the work that must be completed for the project.c. The work that must be performed by the project team.d. All the
A project manager has just become the manager of a project. The document that recognizes the existence of the project is called:a. The statement of work.b. The project assignment.c. The project charter.d. The product description.
A project manager is reviewing the scope of the project and the scope baseline of the project. This includes which of the following?a. The original project schedule, budget, and scopeb. The original project description and the project charterc. The original scope of the project plus or minus any
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