BUS 517/BUS 517 FINAL EXAM PART 4 (PERFECT ANSWER) - 91959

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Question 1 The percent complete index that looks at percent complete in terms of budgeted amounts is calculated by which of the following? Answer EV/BAC (EV-PV)/BAC AC/EAC (EV-AC)/BAC (EV-PV)/EAC Question 2 The earned value of a project is the: Answer Project cost to date adjusted for project scope changes Total project cost to date Cost incurred minus the planned cost Percent of the original budget that has been earned by actual work Question 3 The third step in the project control process of the measurement and evaluation of project performance is to: Answer Review the baseline plan with top management Analyze inputs to the control system Compare the plan against actual performance Measure both progress and performance Review spending with team members Question 4 The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following? Answer EV/BAC (EV-PV)/BAC AC/EAC (EV-AC)/BAC (EV-PV)/EAC Question 5 The cost variance for a project is calculated by: Answer EV-AC AC-SV PV-EV CU-EV EU-PV Question 6 The second step in the project control process of the measurement and evaluation of project performance is to: Answer Review the baseline plan with top management Analyze inputs to control system Compare plan against actual Measure progress and performance Review spending with team members Question 7 Implementing closedown includes the following major activities except: Answer Getting delivery acceptance from the customer. Shutting down resources and releasing to new uses. Closing accounts and seeing all bills are paid. E-mail the project team that the project is complete. Creating a final report. Question 8 Items technical in nature and focus on solutions to problems that surfaced would typically appear in the _____ section of the final project report. Answer Analysis Recommendations Classification of project Lessons learned Strategic objectives Question 9 The section of the final project report that new project teams are likely to find most useful is the: Answer Analysis Recommendations Classification of project Lessons learned Strategic objectives Question 10 Releasing the project team typically occurs _________ during the closure phase. Answer Gradually Rarely Without bombast Rapidly All at once Question 11 Project mission and objectives, procedures and systems used, and organization resources used typically appear in the _____ section of the final project report. Answer Analysis Recommendations Classification of project Lessons learned Strategic objectives Question 12 When a project may start with a high priority but see its rank erode or crash during its project life cycle as conditions change this is an example of: Answer Normal Premature Perpetual Failed Project Changed Priority Question 13 If a construction company in Dallas builds a bridge in Houston, the project would be classified as Answer Global Overseas Local Domestic Foreign Question 14 If IBM built a computer system for Outback Barbie Inc. (based in Australia) at their corporate headquarters in Sydney, the project would be classified as Answer Global Overseas Local Domestic Foreign Question 15 A sense of frustration in not being understood is typical of which of the following stages of culture shock? Answer Honeymoon Gradual adjustment Irritability and hostility Repatriation Adaptation Question 16 McDonald's is creating a multinational distribution system for all of its foreign and domestic subsidiaries. The project manager is from the corporate headquarters and he manages teams from each of the countries involved. The project would be classified as Answer Global Overseas Local Domestic Foreign Question 17 Culture is a concept that encompasses all of the following except: Answer Shared norms Beliefs Values Economic level Customs Question 18 Which of the following is not contained in the Assessment Matrix Project Site Selection? Answer Political stability Worker skill, supply Infrastructure Culture compatibility Utilities Question 19 Which of the following is not one of the forms that stress-related culture shock takes? Answer Fatigue Sleeplessness Headaches Hyperactivity Question 20 The term that is used to reflect how organizations oversee their project management systems is: Answer Project administration Fiduciary responsibility Management Oversight Project regulation Question 21 Which of the following is responsible for the continued support of consistent application of selection criteria, standards, processes, training, and general assistance to project managers and continued improvement and use of best practices? Answer Portfolio Project Management Project Office Management Project Management Optimization Project Priority Matrix Management Resource Allocation Optimization Question 22 The use of an organization-wide project management system tailored to specific needs of the organization is established in which of the following Maturity Model Levels? Answer Ad Hoc Project Management Formal Application of Project Management Institutionalization of Project Management Management of Project Management System Optimization of Project Management System Question 23 The development of a system for managing multiple projects that are aligned with strategic goals is established in which of the following Maturity Model Levels? Answer Ad Hoc Project Management Formal Application of Project Management Institutionalization of Project Management Management of Project Management System Optimization of Project Management System Question 24 The first appearance of standard approaches to managing projects including scope statements and WBS occurs in which of the following Maturity Model Levels? Answer Ad Hoc Project Management Formal Application of Project Management Institutionalization of Project Management Management of Project Management System Optimization of Project Management System Question 25 The in-depth review of individual projects at specific phases in the project life cycle is known as: Answer Project Assessment Checkpoint Reviews Go/Kill Decision Review Methodology Phase Gate Methodology Stargate Review Methodology
Solution Description


Question 1
The percent complete index that looks at percent complete in terms of budgeted amounts is calculated by which of the following?
Answer 
EV/BAC
(EV-PV)/BAC
AC/EAC
(EV-AC)/BAC
(EV-PV)/EAC
Question 2 
The earned value of a project is the:
Answer 
Project cost to date adjusted for project scope changes
Total project cost to date
Cost incurred minus the planned cost
Percent of the original budget that has been earned by actual work
Question 3 
The third step in the project control process of the measurement and evaluation of project performance is to:
Answer 
Review the baseline plan with top management
Analyze inputs to the control system
Compare the plan against actual performance
Measure both progress and performance
Review spending with team members
Question 4 
The percent complete index that looks at percent complete in terms of actual amounts is calculated by which of the following?
Answer 
EV/BAC
(EV-PV)/BAC
AC/EAC
(EV-AC)/BAC
(EV-PV)/EAC
Question 5 
The cost variance for a project is calculated by:
Answer 
EV-AC
AC-SV
PV-EV
CU-EV
EU-PV
Question 6 
The second step in the project control process of the measurement and evaluation of project performance is to:

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