1. The most commonly used performance measure for evaluating if work is being completed as planned at any given time point in a project is which of the following?

a. Cost variance (CV)

b. Schedule variance (SV) c. Both A and B

d. Neither A nor B

2. Which of the following is an accurate statement?

a. Qualitative risk analysis occurs prior to quantitative risk analysis.

b. Quantitative risk analysis occurs prior to qualitative risk analysis.

c. Qualitative risk analysis is performed on risks that have been prioritized during quantitative risk analysis.

d. Both B and C.

3. The earned value management (EVM) measures project performance from project initiation through which of the following phases?

a. Project planning

b. Project closing

c. Project controlling

d. Project executing

4. Milton Construction Ltd has been awarded a lucrative contract of some $J10B by the National Works Agency (NWA) to rehabilitate a section of the railway connecting Kingston to Montego Bay. Some locations of the project area have been prone to violence and extortion activities in the past; however, Jamaica Defense Force (JDF) has been assigned to secure the work area for the entirety of the project. Which of the following is a project threat?

a. Funds for the project may runout due to efforts spent on negating criminal activities

b. Criminal activities may influence the shortening of the project scope

c. The project will be delayed by ongoing violence

d. All of the above

e. None of the above