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The questions for PMI-SP were last updated on Jan 17, 2025.
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You are the project manager for your organization. You have recorded the following duration estimates for an activity in your project: optimistic 20, most likely 45, pessimistic 90. What time will you record for this activity?
This is an example of a three-point estimate. A three-point estimate records the optimistic, most likely, and the pessimistic duration, and then records an average for the predicted duration Three-point estimate is a way to enhance the accuracy of activity duration estimates. This concept is originated with the Program Evaluation and Review Technique (PERT). PERT charts the following three estimates:
Most likely (TM): The duration of activity based on realistic factors such as resources assigned, interruptions, etc. Optimistic (TO): The activity duration based on the best-case scenario Pessimistic (TP): The activity duration based on the worst-case scenario The expected (TE) activity duration is a weighted average of these three estimates: TE = (TO + 4TM + TP) / 6 Duration estimates based on the above equations (sometimes simple average of the three estimates is also used) provide more accuracy. It can be calculated as follows: TE = ( 20 + 45*4 + 90) / 6 = 290/6 =48 Answer options B, C, and D are incorrect. These are not the valid answers for this question.
Mark works as a project manager for Blue Well Inc. He is making relevant information available to the project stakeholders as required. According to Mark, which of the following are NOT the tools and techniques of the Distribute Information process?
These tools and techniques are used in the Plan communications process.
The tools and techniques used in the Distribute information process are as follows:
Communication methods: These methods includes individual and group meetings, computer chats,
audio and video conferences and
other remote communications methods to distribute information.
Information distribution tools: Various information distribution tools can be used to distribute
information such as electronic tools,
electronic conferencing tools, hard copy document distribution etc.
You are the project manager of the GHY Project. This project is scheduled to last for one year and
has a BAC of $4,500,000. You are currently 45 percent complete with this project, though you are up
posed to be at your second milestone which accounts for half of the project completion. There have
been some errors in the project which has caused you to spend $2,073,654. What is this project's
schedule variance?
The schedule variance can be found by subtracting the planned value from the earned
value. In this instance, it is $2,025,000 minus
$2,250,000.
Schedule variance (SV) is a measure of schedule performance on a project. The variance notifies that
the schedule is ahead or behind what
was planned for this period in time. The schedule variance is calculated based on the following
formula:
SV = Earned Value (EV) - Planned Value (PV)
If the resulting schedule is negative, it indicates that the project is behind schedule. A value greater
than 0 shows that the project is ahead of
the planned schedule. A value of 0 indicates that the project is right on target.
Answer option B is incorrect. This is the cost variance for the project.
Answer option A is incorrect. 10 percent is not a valid answer.
Answer option D is incorrect. This is not a valid variance for this question; variances are typically
negative numbers.
Beth is the project manager of the KJH project. Sarah is Beth's administrative assistant and Ben is the project team leader. Beth's project has eight virtual teams throughout the world that will be working on the activities relevant to the deliverables in their locales. Thomas, the project sponsor, has told Beth that he is to be kept abreast of all communication between her project and the stakeholders. In this project, who is the lead person responsible for communication with all stakeholders?
Beth, the project manager, is responsible for communication with all stakeholders. According to the
PMBOK, the project manager occupies the
center of the interactions between stakeholders and the project itself.
Answer option B is incorrect. Sarah may help with the communications, but she is not responsible
for the communications.
Answer option A is incorrect. Thomas, the project sponsor, just needs to be kept abreast of the
information.
Answer option C is incorrect. The project team leaders for the virtual sites are not responsible for
communicating with the project
stakeholders.
John works as a project manager for BlueWell Inc. His project has a budget of $795,000 and he has
spent $325,000 on the project. But, he has completed only 40 percent of the project work till now.
Management wants to know what the project's cost performance index is. What value will John
report?
Cost performance index (CPI) is used to calculate performance efficiencies. It is used in
trend analysis to predict future performance. CPI is the
ratio of earned value to actual cost. The CPI is calculated based on the following formula:
CPI = Earned Value (EV) / Actual Cost (AC)
If the CPI value is greater than 1, it indicates better than expected performance, whereas if the value
is less than 1, it shows poor
performance. The CPI value of 1 indicates that the project is right on target. In this instance, it's
EV = 0.40 * 750,000
= 300,000
CPI = EV/AC
= 300,000/325,000
= 0.92
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