Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In MonitoringandControlling I need answer this questions As a project manager, you know that change is constant on projects.This is due to thepressure to complete

In MonitoringandControlling I need answer this questions

  1. As a project manager, you know that change is constant on projects.This is due to thepressure to complete the project on time, within budget, and according to specifications.Also, on your current project, it seems like you have such a large number of stakeholders -and some of these stakeholders seem to be ones who are not directly involved in your projectbut who can exert undue influence over it.As a result, you realize that it is important tomaintain the integrityof the performance measurementbaselinebecause it:

  1. Isaffectedbycostchanges
  2. Isaffectedbyschedulechanges
  3. Isaffectedbyscopechanges
  4. Containsallchanges affectingtheproject

  1. Thepurpose ofthecostchangecontrol systemisto:

  1. Defineproceduresbywhichthecostmanagementplanischanged
  2. Defineproceduresbywhichthecostbaseline ischanged
  3. Detectvariances whichwillrequireacostchange
  4. Establishinginformationsystemtomonitor costperformance

  1. TheETCiscalculated by:

  1. AC+ EAC
  2. BAC-EAC
  3. EAC-AC
  4. AC+Remaining BCWS

  1. Assume that you are responsible for planning a picnic for your project team.You decided toholdthepicnicintheCity's parkandcontacted theDepartmentofPublicWorksandobtaineda permit for the event. The picnic is scheduled for this Saturday.Today, Wednesday, theweather report is for a hurricane to possibly hit your area.In talking with your team,everyone is concerned about the hurricane since you live in Montana, and a hurricane hasnever hit the state in the past.You then decided to postpone the picnic for two weeks in casethe hurricanedoesoccur.Thisis an example of:

  1. Corrective action
  2. Riskmitigation
  3. Aworkaround
  4. Risktransference

  1. Earned value is a useful tool for monitoring overall project performance against a baselineplan.You decided to use it as a performing reporting tool on your project.Although yourproject isonly20%complete,already your costperformanceindex is.65,andyourschedule performanceindex is.85.Asaresult,yourealizethat:

  1. Youcannotcomplete yourprojectwithout theuseofovertime
  2. ItappearsthatyourSPIwillnever approach1.0
  3. Youneedtoperformanupdatedriskidentificationandanalysis
  4. Aproject recoverymanagershouldbeappointed immediately

  1. You have decided to use a fixed formula by task approach to plan and measure earned value.Youhavealotofpurchasedmaterials onyourproject, soyou believe a25-75approachwillbe useful.Here, 25% will be earned when the materials are ordered, and the final 75% willbe earned when the materials arrive and are used.This fixed formula approach is usefulbecause it:

  1. Showsspecificsintermsofpercentcomplete
  2. Showsspecifics interms ofpercentspent
  3. Iseasytounderstandsosimplifies reportingprogress
  4. Providesanaccurate baselineinallcasesforperformance measurement

  1. Working in manufacturing, your team prepared a Bill of Materials in order to present ahierarchical view of the physical assemblies, subassemblies, and components needed tofabricate a manufactured product.The team did not prepare a WBS.Project managementand systems engineering activities were not included in the BOM.Your customer justrequestedthatyou now submitadetailed writtenreporteachweekandconductanin-processreview each month.This constitutes a scope change on your project.The source of thischange involves:

  1. Aninternalevent
  2. Anerrororomissionindefining productscope
  3. Anerrororomissionindefiningproject scope
  4. Acustomerrequirementthatwas misunderstoodor misinterpreted

  1. Eachearnedvaluemeasurecanbeusedtoanswer various questions interms ofproject performance.Youshould use theACto answerthe question:

  1. Howmuch workshouldbedone?
  2. Howmuchworkisdone?
  3. Howmuchworkisremaining?
  4. Howmuchdid the "isdone"workcost?

  1. Workinginmanufacturing,thebestwaytoensureconformanceofeachproductistoinspectand test each item.But, you cannot do this on your project because to design the nextgeneration dirigible, because it is too complicated and there are too many items to inspect.Youhavedecided touseattributesampling. Yourfirststepshouldbeto:

  1. Measureaprocess variabletodetermine capability
  2. Examineatleast50%oftheattributes in theentire lot
  3. Establishlimitofacceptabilityforeachlot
  4. Rateyourresult sonacontinuousscale

  1. Onyourproject,youhave done$3,000worthofwork.Thevalue of theworkscheduledis

$1,000.Yourscheduleperformanceindexis:

a. .33

b. 3

c. 2,000

d. -2,000

  1. Yourcompanyisfairlynewtoproject management.Whileithashadanumber ofprojectsinthe past, the company has not established a standard project management methodology tofollow. Your team realizes that because changes will occur, a change control system wouldbe useful.But, the company has not established a system that you can adopt.As you workwith your team to establish a change control system, you realize that all but one of thefollowing should beincludedinit:

  1. Paperwork
  2. Approvallevels
  3. Configurationmanagementpolicies
  4. Procedures forchangestobeapproved withoutpriorreview

  1. Ascope changeis anymodificationto the:

  1. Agreed-uponscope asdefinedbytheWBS
  2. Agreed-uponscopeasdefined bythe scopechange control system
  3. Projectplan
  4. Technicaldocumentationfortheproject

  1. In configuration management, the specifications for a complete program configuration itemservesas the baselinefor the:

  1. Generaldesign
  2. Detaileddesign
  3. Implementationplan
  4. Testingsystem

  1. You just learned today that the Federal government has terminated your contract forconvenience.From the beginning, you believed that the government preferred anothervendor,butyourcompany submittedaproposal thatwasresponsiveandalsowasthelowest cost.Yourproject ,therefore,isover. Intermsofscopeverification,nowyou needto:

  1. Conductaninspection
  2. Performanaudit
  3. Establishanddocument theextentandlevelofcompletion
  4. Donothingfurther sincethecontract wasterminated,and the projectisover

  1. Today,whenyoumetwithyourcustomerforakickoff meetingonyourproject,shesaidsheis interested in receiving regular reports describing what the project has accomplished. Youshouldtherefore:

  1. Prepareprogressreports
  2. Preparestatusreports
  3. Predictfutureperformanceandstatus basedoncurrentefforts
  4. Useearned value

  1. Thepurpose ofthestandarddeviationinqualitycontrol isto:

  1. Compareandmeasure samplesinrelation totheiroverall population
  2. Calculate statisticsforpopulationsnotsamples
  3. Measuretheoccurrenceofaneventorcharacteristic
  4. Measurespecificincrementsofselectedquality characteristics

  1. In earned value, the total of the direct and indirect costs during a given period is representedby:

  1. PV
  2. EV
  3. AC
  4. EAC

  1. Oneofthe strengthsofearnedvalueasaperformance reportingtoolandtechniqueisits:

  1. Focusonproject costs
  2. Integration ofcost,schedule,andscopemeasures
  3. Focusonthetasksonthecritical pathandtheir costs
  4. Abilitytoprovide trendanalysisoftechnicalperformance

  1. Youwanttomakesurethatyour productiscorrectandcomplete,soyouhavedecided touseconfiguration management on your project.All but one of the following are part ofconfigurationmanagement:

  1. Identifying anddocumentingeachitem'sfunctionalandphysicalcharacteristics
  2. Auditingitemstoverifyconformancetorequirements
  3. Recordingandreportingachangeanditsimplementation status
  4. Preparing lessonslearned

  1. Theplanned valuerepresentsthe:

  1. Earnedvalue
  2. Budgetatcompletion
  3. Budget
  4. Totalofdirect andindirectcosts inaperiod

  1. Changerequests mayoccurinallbutwhichoneofthefollowingforms:

  1. Oralorwritten
  2. Directorindirect
  3. Standards andregulations
  4. Externally initiatedorinternallyinitiated

  1. Onyourproject,youweretohavedone$2,000worthofwork.But,youactuallydid$1,500worth of work.As aresult youare:

  1. Behindyourplanned scheduleby$500
  2. Aheadofyour scheduleby$500
  3. Behindyourplanned scheduleby$750
  4. Aheadofyourplannedschedule by$750

  1. You have established a Change Control Board on your project. You are chairing the Board, sinceyou aretheprojectmanager. Otherboardmembers arearepresentativeofyourQualityAssurance Department, your senior systems analyst, your chief programmer, and are presentativeofyourcustomer.Yourresponsibilities asaBoardare to:

  1. Implement changes
  2. Approveorreject changerequests
  3. Approvechanges asa resultofanyemergencies
  4. Establishachange controlsystem

  1. TocalculateCV,usethefollowingformula:

  1. EV-AC
  2. EV-PV
  3. EV/AC
  4. EV/PV

  1. If you want to forecast the most likely total project costs based on project performance and also on quantitativerisk analysis, youshouldcalculatethe:

  1. ETC
  2. EAC
  3. BAC
  4. VAC

  1. Scopeverification andqualitycontrol:

  1. Usethesametoolsandtechniques
  2. Shouldbeperformedinparallel
  3. Bothresultinformalacceptanceoftheproduct orservice
  4. Bothareprimarilyconcernedwiththecorrectnessoftheworkresults

  1. Ifyou feel youroriginalestimatingassumptionsarefundamentallyflawedandnolongerarerelevantfor yourproject,calculate your EACby:

  1. AC+ EV
  2. AC+ETC
  3. AC+BAC-EV
  4. AC+(BAC-EV/CPI)

  1. Assume that work package #1 has a total planed value budget of $300 and there are five milestones.The $300 is distributed over five months as follows:January ($50), February($75),March($75),April ($50),andMay($50).But, thecompletion ofthese fivemilestonesended uprequiring theexpenditureof$500.Here,thetotalthat can beearned is:

a. $500

b. $300

c. $50

d. Cannot bedeterminedbasedonthesedata

  1. Integrated changecontrolisconcerned withallbutoneofthefollowing:

  1. Influencing thefactors thatcausechangesochangeisbeneficial
  2. Determining thatachangehasoccurred
  3. Preparingprojectrecords
  4. Managingthechanges iftheyoccur

  1. TheVACiscalculatedby:

  1. BAC-ETC
  2. BAC-EAC
  3. EAC-AC
  4. AC-ETC

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of General Management

Authors: John L.Colley Jr, Jacqueline L. Doyle, Robert D. Hardie, George W. Logan, Wallace Stettinius

1st Edition

0300117094, 978-0300117097

More Books

Students also viewed these General Management questions

Question

What is meant by "translational" kinetic energy?

Answered: 1 week ago

Question

Why is succession planning important?

Answered: 1 week ago

Question

When did the situation become unable to be resolved? Why?

Answered: 1 week ago