Day 15 - Scope Schedule Cost Questions
Day 15 - Scope Schedule Cost Questions
Day 15 - Scope Schedule Cost Questions
bring it back under control. There have been a number of changes to the project
scope. Some of these changes resulted in further changes, causing project cost to
spiral upward and causing the project to go out of schedule. This is known as:
A. Scope creep
B. Scope jump
C. Project creep
D. Scope control
A. Closing
B. Monitor and Controlling
C. Executing
D. Planning
Question 3: The key difference between Validate Scope and Control Quality is:
Question 4: Visiting a construction site to ensure the completed work is the same
work specified in the requirements is:
A. Milestone
B. Scope validation
C. Variance Analysis
D. Requirements traceability
Question 5: A first-time project manager wanted to have a "perfect project."
This manager informed the customer that this project would not accept
change requests of any kind and that the scope would need to be defined
precisely at the very start of the project. The customer agreed to this request.
What would your comment on this situation be?
A. The is a good example of how the project management team can decide what is
and what is not necessary for the project. Not allowing changes is a good way of
ensuring that the project meets requirements as detailed in the project scope.
B. This is unrealistic and impractical. Change is inevitable and rather than look at a
'no change' project, it would be more in the project interests to plan for a robust
change control process.
C. This indicates that the project manager is very aggressive and is likely to take the
project to successful completion. Since he has announced the 'no change
requests' policy, the customer manager can no longer request changes.
D. This is unrealistic and impractical. The project manager should not have
announced his intentions to the customer. He should have had an unofficial
policy of rejecting all change requests.
Question 6: What is the MAIN reason for controlling the project scope?
a. Chaos
b. Scope creep
c. A poor performing project manager
d. An out-of-control customer
Question 10: Your project is nearing completion and you have scheduled a
deliverable review meeting with your customer for next week. The objective of
the meeting will be to verify that each project deliverable has been completed
satisfactorily and has been accepted by the customer. This is an example of
the _________ process.
a. Validate Scope
b. Scope Identification
c. Task Inspection
d. Management by Objectives
Question 11: You are managing a project that is on schedule with sixty work
packages completed. One day a stakeholder tells you that she has found a
critical product defect that had not been discovered when the initial project
plan and charter were developed. To solve this problem you should:
a. The procedures by which the project scope and product scope can be changed
b. How requests for improvements can be submitted to the project team
c. The procedures by which ONLY the product scope can be changed
d. How to more completely detail the project scope to eliminate the risk of any
scope changes
Question 13: You are a project manager in a large software development
organization. It is a primary objective in your company to deliver quality
products, with a low rate of errors and a high product acceptance rate by your
customers. The company has made significant investments in a robust system
to support these corporate objectives and goals. When developing contracts
for software development projects, it is standard that the customer is required
to follow rigorously defined processes for user acceptance testing which must
be conducted each time a module is completed. The customer is also required
to notify the project manager, in writing, that the software module was tested
and whether it was acceptable or not. This user acceptance testing, and the
resulting notification is part of which process?
A. Control Scope
B. Collect Requirements
C. Validate Scope
D. Perform Quality Assurance
Question 14: In your project, while doing scope verification of the product, the
customer points out that a particular work component performed by a team
member is not as per specification. You review the project WBS and confirm
that the customer is correct. What would be your NEXT step?
Question 15: As a project manager, you are aware that changes are bound to
occur during projects. While monitoring and controlling change on your
projects, you use the term scope creep. What does the term refer to?
A. Uncontrolled expansion to product or project scope without adjustments to time,
cost, and resources
B. Controlled expansion to product or project scope without adjustments to time, cost,
and resources
C. Manageable expansion to product or project scope without adjustments to time,
cost, and resources
D. Unmanageable expansion to product or project scope with adjustments to time,
cost, and resources
Question 16: During the Validate Scope process, you formalize acceptance of
the project deliverables and keep the project focused on the business need for
which it was undertaken. This should be done:
A. At the beginning of the project
B. At the end of the project
C. When required by the project sponsor
D. After getting verified deliverables from the Control Quality process
Question 17: As a project manager, you are responsible for managing changes
to the project scope. If, at the end of the project, a customer wants a major
change in the scope of work, you should:
A. Reject the change
B. Make the required change
C. Escalate the matter to senior management
D. Let the customer know about the impact of the change
Question 18: You are the project manager for a business process
improvement project for a strategic business process. A key resource on the
project, William, has been asked by the CEO to work on another project for the
next two weeks. William is scheduled to start work on key deliverables in two
weeks. Your response to this request should be:
Question 19: A control tool that tracks the work that remains to be completed
in the iteration backlog is called:
a. Trend analysis
b. Performance reviews
c. Earned value analysis
d. Burndown chart
Question 20: Tim is the project manager for a shopping mall construction
project which is in its fourth month of execution. According to the project
contract, Tim can only issue project invoices when the project is 25%, 50%,
75% and 100% complete in terms of the approved project schedule. Recently
the 25% milestone has been reached and Tim is ready to issue his first
invoice. According to the contract, the project must be completed in 12
months. What is the project's SPI?
A. 0.25
B. 0.75
C. 0.33
D. 1.33
A. Schedule compression
B. Rolling wave planning
C. Schedule network analysis
D. Schedule management planning
Question 22: Jack is the project manager of a project that is halfway through
its execution. He is currently looking at the work schedule. He adjusts a few of
the schedule milestones and imposes date constraints for some of the work
packages. This relates to which of the following processes?
A. Control Quality
B. Develop Schedule
C. Control Scope
D. Control Schedule
Question 23: As the project manager of a project, you had estimated certain
activity durations before acquiring all project team members. On acquisition,
you find that their actual competency levels are much lower than what you
anticipated. In such a case, you will:
A. Historical analysis
B. Trend analysis
C. Parametric analysis
D. Pareto analysis
A. Control Schedule
B. Create WBS
C. Develop Project Management Plan
D. Develop Schedule
A. $160,000
B. $210,000
C. $250,000
D. $200,000
Question 27: What does it mean if the Earned Value is equal to Actual Cost?
Question 28: If you are managing changes to the project's cost baseline,
which process are you using?
A. Negotiate Costs
B. Estimate Costs
C. Control Costs
D. Determine Budget
Question 29: If the project's current total earned value (EV) is $100,000 and the
actual amount spent (AC) is $95,000, what is the cost variance of the project?
Question 31: You are the Project Manager for JT's Lumber Yard. You are trying
to forecast estimates for the final phase of the project you are currently
working on. Based on the performance of the project to date, which formula
can be used to estimate the total value of the project when completed,
assuming similar variances will not occur?
Question 32: You are the project manager for Wicked Fast Cars Corp. You are
working on a project for the Human Resources department that is scheduled
to take one year. After three months into the project, you calculate the EV at
$35,000 and the PV at $45,000. Which option below represents the value for
the SV?
A. ($10,000)
B. 1.29
C. 0.78
D. $10,000
Question 33: 20 percent of the work was completed in a project. At this stage,
the project manager determined that the budget at completion (BAC) was no
longer viable and developed a forecasted estimate at completion (EAC). What
index can the project manager use to look at the calculated projection of cost
performance that must be achieved on the remaining work?
A. 1.1
B. 0.9
C. 1
D. 0
Question 35: The Budget at Completion (BAC) for a project is $50,000. The
Actual Costs (AC) to date are $10,000. The Earned Value (EV) is $7,000. At this
stage, the project management team did a manual bottom-up summation of
costs and forecast an Estimate to Complete (ETC) of $50,000. What is the
Estimate at Completion (EAC) for the project?
A. $57,000
B. $40,000
C. $60,000
D. $53,000
Question 38: Rick, a project manager, is updating the status of his project.
Based on the performance indices, he expects the project to finish a month
earlier than the planned finish date. However, he expects the project to exceed
the budgeted costs. What can you say about the schedule performance index
(SPI) of the project?
Question 39: Variance Analysis is an important tool used in the Control Costs
process. Which of the following statements regarding variances is correct?
A. The percentage range of acceptable variances will tend to increase as more work
is accomplished.
B. The percentage range of acceptable variances will tend to decrease as more
work is accomplished.
C. The percentage range of acceptable variances is high at the start of a project,
tends to decrease in the middle of a project, and then tends to increase as the
project nears completion.
D. The percentage range of acceptable variances is a constant all through the
project.
Question 40: During the course of the project, the project management team
developed a forecast for the estimate at completion (EAC) based on the
project performance. Which of the following statements about EAC is correct?
A. The EAC forecast based on the Bottom-up estimate to complete (ETC) requires
a new estimate.
B. The EAC forecast is best estimated using the estimate to complete (ETC) work
performed considering both SPI and CPI factors.
C. The EAC forecast is best estimated using the estimate to complete (ETC) work
performed at the present CPI.
D. The EAC forecast is best estimated using the estimate to complete (ETC) work
performed at the budgeted rate.
Question 41: The Earned Value Management methodology can be used to:
Question 42: Which of the following methods of forecasting EAC and ETC is
the most accurate?
A. CV=EV-AC
B. CV=AC-EV
C. CV=BAC-(AC-EV)
D. CV=SV-BC
Question 44: Which of the following indicates the required cost performance
in order to complete the project on budget?
A. TCPI
B. CPI
C. EAC
D. SPI
Question 45: The most recent analysis of Microcorp's new fabrication facility
renovation project shows a CPI value of less than 1.0. What does this
indicate?
Question 48: How would you calculate your EAC if the ETC work is performed
at the budgeted rate?
A. EAC = BAC/CPI
B. EAC= BAC-EV
C. EAC = AC + BAC - EV
D. EAC=(BAC-EV)*CPI
Question 49: Your project data shows that, at some point in the time during
execution, the earned value (EV) was $10,000 and the actual cost (AC) was
$7,500. The cost variance (CV) at that point was:
Question 50: In the below table for a software development project, which task
has been completed?
a. Requirements
b. Development
c. Testing
d. Training
Question 51: You are the project manager on a construction project that is
50% complete. At this point, the CPI is 1.12. Total earned value to date is
$6,300,000, and the original budget was $12,600,000. What is the actual cost?
A. $6,300,000
B. $12,600,000
C. $7,056,000
D. $5,625,000
Question 52: Of the four tools and techniques for the Control Costs process,
which one integrates cost and schedule information as a key element of its
approach?
A. Performance reviews
B. Forecasting
C. To-complete performance index
D. Earned value management
Question 53: After the fifth month on her project, a project manager found that
the cumulative actual expenditures totaled $120,000. The planned
expenditures for this length of time were $100,000. The work completed to
date has been budgeted for $102,000. How is the project doing?
Question 54:A project manager reassesses the estimate at completion for his
project. Calculating the EAC by adding the remaining project budget (modified
by a performance factor) to the actual cost to date is used most often when
the:
Question 56: You are the project manager for a project where your team must
travel to the work site by foot. The walk is 100 miles, and is the first task on
the project schedule. The total amount budgeted for this task is $4,000. If the
team is scheduled to walk 20 miles per day, they should reach the work site at
the end of day 5. At the end of the second day, you realize the team has only
traveled 30 miles, and you have spent $2,000. Based on this, what is the SPI
for your project, and the projected TCPI.
A. 0.8, 1.4
B. 0.75, 1.4
C. 0.75, 1.2
D. Cannot be determined with the given information
Question 57: In your project, you have reasons to believe that the current
variances occurred because of extraneous factors, and you do not expect
similar variances to occur in future. What should be the estimate at
completion (EAC) for your project? BAC = $300,000; AC = $100,000; EV =
$150,000; CPI = 1.5
A. $250,000
B. $220,000
C. $280,000
D. $200,000
Question 58: Which of the following is an example of a chart, used on agile
projects, that tracks the work that remains to be completed in the iteration
backlog?
A. Histogram
B. Control chart
C. Burndown chart
D. Scatter diagrams