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31. A risk event signaling the need for a contingency action is called? a. Realization c. Mitigation b. Trigger d. Plan B 32. Earned Value

31. A risk event signaling the need for a contingency action is called?

a.

Realization

c.

Mitigation

b.

Trigger

d.

Plan B

32. Earned Value Management is a powerful accounting tool that ties Planned Value, Actual Cost, and _______________, unlike traditional cost accounting?

a.

Phase Gate Project Management

c.

Earned Value

b.

Operations

d.

Program Management

33. Schedule Performance Index (SPI) is an Earned Value calculation that divides Earned Value by _____________?

a.

Actual Cost

c.

Planned Value

b.

Fixed Cost

d.

None of the above

34. When an organizational resource is allocated at 200%, something has not occurred properly. What is it?

a.

No Baseline

c.

Over-allocation

b.

No Critical Path

d.

No Resource Leveling

35. The initial budget plan to fund the entire project is called the _______________?

a.

Estimate To Complete

c.

Earned Value

b.

Estimate At Complete

d.

Budget At Complete

36. The Pentagon Wars movie showed that to do the right thing, sometimes a project manager must be a ________________, putting themselves at odds with poor leadership?

a.

Scope Creep

c.

Compromiser

b.

Whistleblower

d.

Smoother

37. Project teams and sponsors must consider that every project has unexpected possible outcomes. This is called?

a.

Deliverables

c.

Law of Unintended Consequences

b.

Perverse Incentives

d.

Sunk Cost Fallacy

38. Crashing a project schedule is typically considered a poor way of ________________?

a.

Driving

c.

Increasing Cost

b.

Reducing Risk

d.

Quality reduction

39. The best calculation for determining if a long term project is a good investment is _______?

a.

Break Even Point

c.

ROI

b.

Opportunity Cost

d.

NPV

40. When creating a project schedule, the last thing that must be done in order to execute the project is _________________?

a.

Network Diagram

c.

Baseline the Project Schedule

b.

Actual Finish

d.

Activity List

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