Question
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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