Question

1. A project manager has been asked to support an internal project request by developing a business case.

What kind of information is the person expected to provide in the document?

a The detailed information from a business standpoint to determine whether bidding for the customer project will be successful.

b The detailed information from a project management standpoint to determine whether the project will be successful.

c The detailed information from a technical standpoint to determine whether the project will be successful.

d The necessary information from a business standpoint to determine whether the project is worth the investment.

2 You found the following earned value analysis information for a project that was recently closed-out:

SPI = 0.7, CPI = 1.0

a The project has been cancelled while it was executed. At that time the project was behind schedule and on budget.

b The project's deliverables have all been finished. The project came in behind schedule but on budget.

c The project's deliverables have all been finished. The project came in ahead of schedule but on budget.

d The project's deliverables have all been finished. The project came in on schedule but over budget.

3 Which should be included in a requirements management plan?

a The document should trace requirements to project scope / WBS deliverables.

b It should describe how requirements activities will be planned, tracked, and reported.

c It should trace high-level requirements to more detailed requirements.

d It should trace requirements to business needs, opportunities, goals, and objectives.

4 In a traditionally drawn decision tree, a circle represents ___________.

a a chance to which no expected monetary value can be assigned so that a likely pay-off can not be shown.

b a decision to which no expected monetary value can be assigned so that a likely pay-off can not be shown.

c a chance to which an expected monetary value may be assigned to calculate the most likely pay-off.

d a decision to which an expected monetary value may be assigned to calculate the most likely pay-off.

Answer 1

Question 1: A project manager has been asked to support an internal project request by developing a business case.
What kind of information is the person expected to provide in the document?

Answer: The necessary information from a business standpoint to determine whether the project is worth the investment.

Snippets: A project manager evaluates the project documentation and prepares a necessary information from a business standpoint. The evaluation determines whether the designated project is worth the time and investment.

Question 2: You found the following earned value analysis information for a project that was recently closed-out: SPI = 0.7, CPI = 1.0

Answer: The project has been cancelled while it was executed. At that time the project was behind schedule and on budget.

Snippets: The Schedule Performance Index (SPI) measures schedule efficiency of a project and if the SPI is greater than 1 than it implies the project is on time. And Cost Performance Index (CPI) measures cost efficiency of a project and if the CPI is greater or equal to 1 than it implies that the project is right on budget. Here SPI = 0.7, which means the project is behind schedule and CPI = 1 indicates that project is on budget.

Question 3: Which should be included in a requirements management plan?

Answer: It should describe how requirements activities will be planned, tracked, and reported.

Snippets: Requirements Management Plan should describe the requirement activities which are to be planned, tracked and reported.

Question 4: In a traditionally drawn decision tree, a circle represents ___ .

Answer: A chance to which an expected monetary value may be assigned to calculate the most likely pay-off.

Snippets: Typically there are two nodes one is Chance node and another is Decision node. And a circle represents a chance to which an expected monetary value may be assigned to calculate the most likely pay-off.