Question 1: Name and briefly describe the eight elements of the project planning and control system.

Question 2: You are managing an eight-month project with a BAC of $100k. On Friday afternoon, at the end of the fourth month (half way thought the project), you EVM system provides the following values:

BCWP = $50K

ACWP = $75K

And your boss ask you to present the EAC at the Monday morning status meeting. You have been an alternative project manager and you have been especially pleased that the BCWP has been tracking quiet well to the BCWS. Below are the listed three possible answers one might provide as the EAC.

For each possible answer, first list any assumption(s) necessary regarding the future performance and then provide the rationale which would justify or explain it.

$100K:

125K:

150K:

Having done the analysis and considered the explanation for each of these answers, which answer would be most comfortable presenting to your boss? Why?

Question 3: As project manager, you have received a cost estimate from a functional manager to integrate and build 1,000 widgets. List three estimating methods that could be used to assess this estimate. Explain under what conditions you would choose each of these methods.

Question 4: Calculate CPI using the following variables:

BCWS = 504

BCWP = 374

ACWP = 1,023

Question 5: With respect to Critical Path Networks, what are the activities in the network for which Earliest Start Time equals Latest Start Time?

Question 6: Explain the process for making a change to a baseline configuration item, what is the project managers role in this process?

Question 7: Explain the difference between a Cost Plus Incentive Fee (CPIF) contract and a Cost Plus Award Fee (CPAF) contract.

Question 8: Give at least four benefits that using an EMV system offers a project manager.

Question 9: Calculate SPI using the following variables:

BCWS = 738

BCWP = 496

ACWP = 828

Question 10: Using the following information, calculate TCPI(EAC):

BCWS = 518

BCWP = 732

ACWP = 1,181

BAC = 20,000

EAC = 22,612

Question 11: You are the project manager for a newly-awarded $35M Cost-Plus-Fixed-FEE (CPFF) contract to design a new generation of aircraft carriers. You company does not know how much about the design propulsion systems, so you have decided to subcontract this part of the work. What kin of subcontract would you award and why? Please list/explain any assumptions.

Question 12: How many communications channels exist within a team of 18 members?

Question 13: Which of the following items can be directly picked off a Critical Path Method Network? (multi-select)

Project Finish Date

Workforce Loading

Earliest Start

Critical Path

Question 14: Calculate the Risk Exposure using the following variables:

Likelihood (Probability) = 0.7

Number of Mitigation Steps = 7

Cost Effect = 499

Question 15: Discuss the major factors that contribute to the difficulty inherent in managing a software development project.

Question 16: With respect to Critical Path Network, can there be more than one critical path network? Why or why not?