SAINT PRM520 MIDTERM EXAM 2016 - 96632

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Question Question 1.1.Which is a key benefit of the Control Cost process? (Points : 9) Provides the means to recognize variance from the plan in order to take corrective action Approves changes to the budget Assures the project will not overrun the budget Makes changes to the Project Management Plan Question 2.2.Actual cost is: (Points : 9) the authorized budget assigned to scheduled work. the realized cost for the work performed. the activity amount before any reserves are included. a measure of the work performed expressed in terms of the budget authorized for that work. Question 3.3.There is (are) _________ way(s) to calculate the EAC. (Points : 9) four two three one Question 4.4.What should be used if EVM is not being used? (Points : 9) Actual costs Planned costs Budgeted costs Analysis of the cost baseline against actual costs for the work performed Question 5.5.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425, what is cost performance index (CPI)? (Points : 9) 1.11 0.85 0.9 1.18 Question 6.6.If earned value (EV) = 450, actual cost (AC) = 500, and planned value (PV) = 425, what is schedule performance index (SPI)? (Points : 9) 1.11 0.94 0.9 1.05 Question 7.7.One way to calculate the estimate at completion (EAC) is to divide the budget at completion (BAC) by the __________. (Points : 9) (CPI*SPI) TCPI SPI CPI Question 8.8.Perform Quality Assurance is in the __________ Process Group: (Points : 9) Monitoring and Controlling Closing Executing Planning Question 9.9.Which is a key benefit of the Perform Integrated Change Control process? (Points : 9) Makes changes to the project management plan Allows stakeholders to understand the state of the project Prepares deliverables for acceptance Reduces risk Question 10.10.Configuration identification management activities are included in the__________ process: (Points : 9) Perform Integrated Change Control Validate Scope Control Scope Collect Requirements Question 11.11.Processes in which of the following Project Management Process Groups produce change requests? (Points : 9) Planning Initiating Executing All of the above Question 12.12.A __________ is used to document changes that occur during the project. (Points : 9) change log change control board change baseline change request Question 13.13.Administrative closure of the project includes all of the following except: (Points : 9) activities to collect project records release resources actions and activities to satisfy completion criteria actions to transfer the project’s products to the next phase Question 14.14.The project’s cost of changes typically: (Points : 9) increases as the project time increases stays the same during the project time decreases as the project time increases. peaks in the middle of the project time. Question 15.15.The key benefit of the Control Scope process is it: (Points : 9) accepts deliverables. verifies deliverables allows the scope baseline to be maintained reduces rework. Question 16.16.Change requests outputs from Validate Scope for defect repair are: (Points : 9) sent directly to the Direct and Manage Project Work process. reviewed in the Quality Control process. reviewed in the Perform Integrated Change Control process. reviewed in the Quality Assurance process. Question 17.17.The organizational process assets that can influence the Control Scope process include the following except: (Points : 9) informal scope control-related policies monitoring and reporting templates formal scope control-related policies variance analysis Question 18.18.Fast tracking is a technique used to shorten the schedule by: (Points : 9) reducing scope changing the critical path doing tasks in parallel adding resources Question 19.19.Schedule performance reviews include all of the following except: (Points : 9) critical path method crashing. trend analysis earned value management Question 20.20.Change requests outputs from Control Scope process are: (Points : 9) reviewed in the Perform Integrated Change Control process. reviewed in the work performance data. reviewed in the Quality Assurance process. sent directly to the Direct and Manage Project Work process.
Solution Description

Question

Question 1.1.Which is a key benefit of the Control Cost process? (Points : 9)

Provides the means to recognize variance from the plan in order to take corrective action
Approves changes to the budget
Assures the project will not overrun the budget
Makes changes to the Project Management Plan
Question 2.2.Actual cost is: (Points : 9)

the authorized budget assigned to scheduled work.
the realized cost for the work performed.
the activity amount before any reserves are included.
a measure of the work performed expressed in terms of the budget authorized for that work.

Question 3.3.There is (are) _________ way(s) to calculate the EAC. (Points : 9)

four

two

three

one

Question 4.4.What should be used if EVM is not being used? (Points : 9)

Actual costs
Planned costs

Budgeted costs

Analysis of the cost baseline against actual costs for th