Multiple Choice Questions (no partial credit will be given and no need to show your work)

1. [3 points] Which performance measurement tells you how much more of the budget is required to finish the project (i.e. amount of funds required to complete all reaming work from the current time till the end of the project)?
   1. ETC
   2. EV
   3. AC
   4. EAC
   5. VAC

2. [3 points] In the critical path method, which of the following is true?

1. The difference between latest finish and latest start is equal to the difference between earliest finish and earliest start
2. The difference between earliest finish and earliest start time gives the slack
3. The difference between latest finish and earliest finish is equal to the difference between latest start and earliest start
   1. II
   2. III
   3. I and II
   4. I and III
   5. II and III

3. [3 points] In a critical chain implementation, you observed that you completed 50% of the project and consumed 80% of the project buffer. Which of the following is correct?
   1. You should pause and re-assess the size of the project buffer and then monitor the critical chain closely
   2. You should shift add a portion of feeding buffer to the project buffer
   3. You should remove all the resource buffers
   4. More than one of the above statements is correct
   5. None of them is correct
4. [3 points] Which of the following statements for Le Petit Chef is correct?

1. Focusing on high NPV projects was a good practice
2. They have a balanced new product development project portfolio
3. Their new product development team had a capacity problem
   1. I
   2. II
   3. III
   4. I and II
   5. None of the above

5. [3 points] For MS Project, which of the following statements is correct?

1. It can perform Earned Value Analysis but it does not report VAC
2. You cannot use resource leveling when you manage two different projects (that use the same set of resources) in two different files
3. The fixed cost for activities cannot be considered when calculating the total project cost

1. I
2. II
3. III
4. I and II
5. None of the above