Question 7(Mandatory)(1 point)

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You are a project manager on a project that requires material from a U.S. supplier to be purchased in an ongoing manner.

You are aware that the Canadian dollar is dropping (and is expected to continue to drop) in value compared with the U.S. dollar.

You wish to avoid the risk of project materials costing more in the future.

Which type of contract would you most likely want to use with your U.S. supplier ?

Question 7 options:

	Costs plus contract
	Fixed price contract
	Time and materials contract
	Statement of work contract

Question 8(Mandatory)(1 point)

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Question 8 options:

	The project is behind schedule.
	The project's costs are below the budgeted costs.
	The reason PV is shown to the end of the project is that it represents the project's original budget and does not change during execution.
	The information presented in the graph would only be of interest to other project managers; the project team or other project stakeholders would have no interest in it.
	Based on the graph, it is obvious that the project must have used the 10/90 rule for determining the project's earned values.

Question 9(Mandatory)(1 point)

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Question 9 options:

	An organization (org) chart
	A bottom-up look up chart
	A top-down look up table
	A responsibility matrix

Question 10(Mandatory)(1 point)

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What type of project lifecycle does this approach most closely represent?

Question 10 options:

Extreme or Iterative

Traditional

Agile or Incremental

Unable to tell based on the provided diagram

Question 11(Mandatory)(1 point)

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The reason that a project manager would select an agile life cycle development appproach over a more traditional approach is:

Question 11 options:

Budgetary considerations.

The project requirements are very complex.

The objective of the project is known, but the exact solution (or what needs to be done) is not clear.

That is the approach that the project manager has been training in.

Question 12(Mandatory)(1 point)

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What is theActual Cost (AC)of the project on week 4?

Question 12 options:

	1250
	1300
	750
	1400

Question 13(Mandatory)(1 point)

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Based on the suppliedEARNED VALUE DATA (see question 12):

What is the project's totalEarned Value (EV), as of week 4?

Question 13 options:

	1200
	1300
	1400
	1700

Question 14(Mandatory)(1 point)

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Based on the suppliedEARNED VALUE DATA (see question 12):

What is the project'sCost Variance (CV), as of week 4?

Question 14 options:

	-100
	-200
	1400
	Unable to determine

Question 15(Mandatory)(1 point)

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Based on the suppliedEARNED VALUE DATA(see question 12):

What is the project'sCost Performance Index (CPI), as of week 4?

Question 15 options:

	0.85
	0.92
	0.52
	Unable to calculate CPI based on the information supplied.

Question 16(Mandatory)(1 point)

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Based on the suppliedEARNED VALUE DATA (see question 12):

What is theSchedule Performance Index (SPI)value for this project?

Question 16 options:

	0.86
	0.92
	1.12
	Unable to determine the SPI for this project.

Question 17(Mandatory)(1 point)

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Based on the suppliedEARNED VALUE DATA (see question 12):

What conclusion can be drawn, based on the project's CPI and SPI values?

Question 17 options:

	The project's CPI and SPI values indicate that the projectis over budget and behind schedule.
	The project's CPI and SPI values indicate that the projectis under budget and ahead of schedule.
	The project's CPI and SPI values indicate that the projectis on budget and on schedule.
	No conclusions can be drawn from this project's CPI and SPI values.

Question 18(Mandatory)(1 point)

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What is the overall duration of this project?

4

4

8

Task C

0

4

6

2

10

Task A

1

1

5

5

5

10

2

Task D

Task D

0

5

5

5

10

10

0

Task B

0

0

5

5

3

8

Legend

Task E

ES

Dur

EF

7

0

10

Task Name

LS

Slack

LF

Question 18 options:

12

10

8

Unable to tell

Question 19(Mandatory)(1 point)

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Based on the suppliedNETWORK DIAGRAM (see question 18):

What is the project's critical path?

Question 19 options:

Tasks: B, D, F

Tasks: A, C, F

Tasks: A, D, F

Tasks: B, E, F

Question 20(Mandatory)(1 point)

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Based on the suppliedNETWORK DIAGRAM (see question 18):

What is the Early Finish (EF) for task A?

Question 20 options:

	4
	6
	1
	5

Question 21(Mandatory)(1 point)

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Based on the suppliedNETWORK DIAGRAM (see question 18):

What is the slack for task D?

Question 21 options:

	0
	5
	10
	3

Question 22(Mandatory)(1 point)

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Which one of the following inputs (information, event or consideration) doesnotimpact the initial planning process for the project schedule?

Question 22 options:

Task level of effort

Task duration

Resource availability

Task dependencies

Project constraints

Client imposed milestones

Planning assumptions

Execution phase schedule slippages

Question 23(Mandatory)(1 point)

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Question 23 options:

A WBS item called 'House Interior'would most likely belong inbox 3.0

A WBS item called 'Permits' would most likely belong inbox 6.3

A WBS item called 'Excavate'would most likely belong inbox 1.3

A WBS item called 'Foundation' would most likely belong inbox 2.0

A WBS item called 'Arrange Mortgage'would most likely belong inbox 6.3

A WBS item called 'Order Supplies' would most likely belong inbox 5.0

A WBS item called 'Pour Concrete' would most likely belong inbox 1.3

Question 24(Mandatory)(1 point)

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Creating a WBS can be very complicated, and as project managers, we are often left wondering if we have decomposed the project sufficiently to proceed with its planning.

Which of the following isnota criterion for determining if your WBS is complete?

Question 24 options:

Does each WBS task (or activity) have a clear start and end date?

Are the WBS tasks (or activities) independent of each other?

Is each task (or activity) in your WBS clearly required by its associated WBS deliverable?

Are you able to determine the cost and duration of each task (or activity) in your WBS?

Does your project have sufficient budget to fund each task (or activity) in your WBS?

Question 25(Mandatory)(1 point)

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A project WBS is key to understanding a project - however, not all elements of a project are dependent upon a project WBS.

Which one of the following isnotinfluenced by the project's WBS?

Question 25 options:

Project Quality Standards

Project Risk Registry

Project Budget

Project Schedule

Project Purpose

Question 26(Mandatory)(1 point)

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Using the three point estimating technique - what is the expected duration for Task A?

Question 26 options:

	10 days
	14 days
	14.3 days
	14.7 days

Question 27(Mandatory)(1 point)

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Based on the suppliedESTIMATING DATA (see question 26):

Using the three point estimating technique - what is the expected duration for task E?

Question 27 options:

	7 1/3 days
	7 5/6 days
	10 1/3 days
	23 days

Submit Quiz27 of 27 questions saved