ASIGNMENT SUMMER 19 PROJECT MANAGEMENT SUBMISSION ON W13

Javeria Wasim

STD 23467

FORMULA :
EAC = ACTUAL COSTS (AC) + ESTIMATE TO COMPLETE (ETC)
ETC = ESTIMATE AT COMPLETION (EAC) – ACTUAL COSTS (AC)
CPI = EV/AC
UPPER CONTROL LIMIT = +2(SD)

Dave is managing a new project to create a radio-operated model plane. The project budget is
set at $200,000 and the project must be completed within six months of the starting date. The
initial document authorizing this project and giving Dave the authority to apply organizational
resources to the project activities is called

a. Project charter

Since the levels of both cost and risk vary throughout the project life cycle, which of the
following statements is true?

d. Both Costs and Risks are low at the initiating stage

In a phased project, phase end meetings are used to sign-off on the deliverables associated
with that phase. These phase end points typically provide a good opportunity to evaluate the
progress and performance in that phase. Which of the following terms is synonymous for
phase end?

d. All of the above

An office furniture manufacturing company has initiated a project to computerize and

automate some of their manufacturing process systems. The manufacturing personnel are not
happy with this idea, and they are afraid they may lose their jobs because of the automation.
As the project manager, what would your first step be?

c. Meet with manufacturing employees and tell them their jobs are safe

Stakeholder management is a critical aspect of managing a project. In order to manage

stakeholder expectations, the project manager must come up with a strategy. One technique
that can be used to develop this strategy is the

b. Stakeholder analysis

In situations involving a large number of ideas on requirements

provided by various stakeholders, a project manager must sort, review
and analyze those ideas. Which of the following tools can be utilized to
accomplish this?
a. Affinity diagram

Which of the following are inputs to the Develop Project Management Plan process?

d. Both a and b

Earned Value (EV) for a new operating

system design project is calculated at
$300,000 and the Actual Cost (AC) is
$280,000. The Budget at Completion
(BAC) is estimated at $500,000. The
project is progressing well from a
budgetary point of view, since the CPI
value is greater than one. What is the
Estimate at Completion (EAC) if the future
work of the project is performed at the
budgeted rate?

EAC = AC+BAC-EV =280000+500000-

300000=480,000
b. 480,000

Earned Value (EV) for a new optic radar

design project is calculated at $100,000
and the Actual Cost (AC) is $80,000. The
Budget at Completion (BAC) is estimated
at $200,000. What is the current CPI on
this project?

CPI = EV/AC = 100000/80000

d. 1.25

On a project schedule network diagram, leads and lags are used to define the relationships
between activities. These leads and lags indicate either acceleration or delay, respectively, of
the successor activity. If a team member on your project indicates FF+3 on the network
diagram, what does that notation indicate?

a. Activities with a Finish-to-finish relationship and 3 days of lag time

Which of the following are inputs to the Manage Stakeholder Engagement process?

d. Stakeholder management plan and Change log

Project communication involves dissemination of information by various methods.

Communication may be formal, informal, verbal, and nonverbal. Which of the following would
define direct communication with peers?

b. Horizontal communication
Earned value analysis can be used for measuring the project
performance. Project managers use this analysis to plan for risks based
on the actual cost, schedule and progress of the work. During the
executing phase, if a project has negative values for the cost variance
and the schedule variance, which of the following would most accurately
represent the project's status?

c. The project is over budget and behind schedule

Clifford is managing a project to build non-nuclear components for

nuclear weapons. His project team consists of scientists, engineers,
designers, and technical experts with extensive backgrounds in their
fields. In an effort designed to create a degree of trust among team
members, Clifford has initiated a kickoff meeting with all team members.
During this meeting, Clifford wants to clarify the project objective and
learn about each team member's interests and levels of influence. In
addition, he needs to assign the roles and responsibilities for each team
member. In this scenario, Clifford's team is in which of the following
stages?

d. Forming

During project execution, the planned value, earned value and the actual
cost all have identical values. In this scenario, which of the following
statements best describes the status of the project?

c. The project is on schedule and on budget

If one standard deviation is equal to 0.02, what is the upper control limit in a control chart if the
upper control limit is set at +2 Sigma?

Upper control limit = +2(SD) = +2(0.02) = 0.04

b. 0.04

Ryan Systems is in the 3rd week of a 5-week project to consolidate all of its data servers to a
central location in its new data center. The amount of money spent on this project to date is
approximately $80,000. The planned value for the move as of the 3rd week is $50,000. What is
the status of the project at this time? Over budget

b. Behind schedule

John has just finished the requirements documentation including the deliverable acceptance
criteria to determine the success of the project in terms of the deliverables produced. A series
of tasks are included in the criteria. Both John and the customer must perform this series of
tasks in order to complete the acceptance and sign-off the final deliverables. Which of the
following project processes would use these criteria to provide formal acceptance of the
deliverables?

d. Validated scope

Which of the following processes describes the collection, measurement and distribution of
performance information, and measuring the health of the project to identify project areas that
require corrective or preventive actions?

c. Integrated change control

Wilma is examining the data on her control chart. It shows four consecutive points above +3
sigma and three subsequent points below -3 sigma. If the lower and upper control limits are
set at +-3 sigma, what should Wilma report as the status of the process?

a. The process is out of control.