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You are the project manager of the NHQ project. This project deals with a new technology that your company has never used before. You have petitioned the management to hire a consultant to help you and the project team to create the WBS, the activity list, and complete the duration estimates. The management is concerned about the costs of the consultant, but agrees to your request because of the nature of this new work. The consultant can best be described as what type of resource for this project?
The consultant is an example of expert judgment, as he is helping you and the project team to create the project elements. Expert judgment is a technique based on a set of criteria that has been acquired in a specific knowledge area or product area. It is obtained when the project manager or project team requires specialized knowledge that they do not possess. Expert judgment involves people most familiar with the work of creating estimates. Preferably, the project team member who will be doing the task should complete the estimates. Expert judgment is applied when performing administrative closure activities, and experts should ensure the project or phase closure is performed to the appropriate standards. Answer option A is incorrect. The consultant may be considered a direct expense because the fees can only be assigned to your project work, but this is not the best choice for the question. Answer option B is incorrect. An external requirement is not a valid choice for this question. Answer option C is incorrect. A temporary resource is not a valid project management term.
You are the project manager for your organization. Management has offered you a bonus if you can complete the project work two months earlier than what your schedule predicts. You can use a schedule compression technique, but management does not want to increase costs in the project. What approach would you recommend to condense the project duration?
Of all the choices, only fast tracking is an option that would not increase project costs. Fast tracking
allows phases of the project to overlap,
but it does increase project risks.
Fast tracking is a technique for compressing project schedule. In fast tracking, phases are overlapped
that would normally be done in
sequence. It is shortening the project schedule without reducing the project scope.
Answer option B is incorrect. Crashing adds labor to the project and increases project costs.
Answer option C is incorrect. Effort-driven activity analysis examines activities whose duration may
be reduced by adding labor. This approach,
however, increases project costs, as it is a form of project crashing.
Answer option D is incorrect. Rewards and recognitions are good incentives for the project team, but
simply offering the reward does not
decrease the duration of the project.
You are the project manager of the QAQ Project. The QAQ Project has a BAC of $2,786,121. You are
currently 20 percent complete with this project, though you should be 25 percent complete with the
project work. The project has consumed $595,000 of the project budget to date. Management has
asked you, based on the current project performance, what the project's estimate to complete will
be considering the current project schedule variance. What is the ETC for this project?
The estimate to complete wants to know how much more money the project will need
to complete its objectives.
The estimate to complete (ETC) is the expected cost needed to complete all the remaining work for a
scheduled activity, a group of activities,
or the project. ETC helps project managers predict what the final cost of the project will be upon
completion. The formula for the ETC is EAC-
AC. The EAC is BAC/CPI.
Answer option A is incorrect. This is the estimate at completion based on the current project
performance.
Answer option C is incorrect. This is the current schedule variance.
Answer option B is incorrect. 1.02 is the to-complete performance index based on the BAC.
You are the project manager for your organization. You are working with your project team to create the schedule baseline for your project. You will also be creating the schedule data for this project. The schedule data typically includes all of the following except for which one?
Risk activities are not part of the schedule data. Risk is documented in the risk register,
and monitored and controlled throughout the project.
In some instances, risk may be part of the activity attributes. The schedule data includes the
schedule milestones, schedule activities, activity
attributes, and the assumptions and constraints.
The schedule data includes the schedule activities, schedule milestones, activity attributes, and
documentation of all known assumptions and
constraints. The sum of additional data varies by application area. The schedule data commonly
supplied as supporting details includes:
Resource requirement by time period, frequently in the category of histogram
Alternative schedules, such as best case or worst case, or resource leveled, with or without imposed
dates
Scheduling of contingency reserves
Answer option D is incorrect. Schedule milestones are part of the schedule data.
a
Answer option B is incorrect. Schedule activities are part of the schedule data.
Answer option C is incorrect. Activity attributes are part of the schedule data.
Which of the following scheduling techniques identifies the successor activities and the predecessor activities to assist the project manager in sequencing the project work?
The Precedence Diagramming Method uses both predecessors and successors as nodes in the project network diagram. The PDM approach is the most common network diagram approach used. Answer option C is incorrect. Dependency determination identifies the order of the project work. Answer option B is incorrect. The schedule network template is a tool that uses a previous project network diagram as a base for the current project network diagram. Answer option D is incorrect. Activity on the node laces activities on circles within a network diagram. It is an example of the precedence diagramming method.
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