Question 1

Gary is the project manager of the NHF project, which is a part of a program in his organization. According to the PMBOK, how will Gary provide feedback to
programs and portfolios?

Accepted Answer

According to the PMBOK, the project manager provides the feedback to programs and portfolios by means of status reports and change requests that may impact
other projects, programs, or portfolios. The needs of the projects, including the resource needs, are rolled up and communicated back to the portfolio level, which
in turn sets the direction for organizational planning. What is a status report? A status report is a narrative description
about a subject that is relevant to an organization. Typically, a user submits a status report that was created for him by a manager. He can also create and submit
his own unrequested status report at any time. It is a collaborative feature specific to PWA. Status report in PWA is a convenient way to exchange textual
information with the team members about the status of a project or items in addition to task progress, which a user updates on the Tasks page. What are change
requests? Change requests are requests to expand or reduce the project scope, modify policies, processes, plans, or procedures, modify costs or budgets or
revise schedules. These requests for a change can be direct or indirect, externally or internally initiated, and legally or contractually imposed or optional. A Project
Manager needs to ensure that only formally documented requested changes are processed and only approved change requests are implemented.
Answer option C is incorrect. While regular communication is needed, this is not the best answer for the question.
Answer option A is incorrect. Status meetings are a part of project communications, but do not answer the question as completely as status reports and change
requests.
Answer option B is incorrect. Push communications is one type of communicating mode where the project manager pushes the information to recipients. This is
not the best choice for the question because there are other modes communicating as well.

Question 2

You are the project manager of the JKM Project for your organization. Your project is supposed to be 60 percent complete but you are only 45 percent complete.
The project has an assigned budget of $765,000 but you have already spent $365,000 to reach this point in the project due to some errors and rework.
Management is pressing you on when you'll complete the project and how much the project will likely cost based on the current performance. You need to tell
management what the project's current cost performance index (CPI) is. What value should you report to management based on your project's performance?

Accepted Answer

Management wants to know the cost performance index (CPI). You can find the CPI by first finding the earned value (EV) and then dividing it by the actual costs
(AC) spent to date on the project. You find EV by multiplying percent complete by the project's budget; in this instance that's $344,250. The actual costs are
reported as $365,000. The formula for the CPI on this project is $344,250 / $365,000 for a value of .94. What is CPI? 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. What is BCWP (or EV)? Budgeted
cost of work performed (BCWP) or Earned Value (EV) is the value of completed work. It is the budgeted amount for the work actually completed on the schedule
activity during a given time period.
Answer options C, A, and D are incorrect. These do not reflect an accurate value for the project's cost performance index. The project is performing moderately
well on cost as the closer the CPI is to 1 the better the project's performance.

Question 3

Ben is the project manager for his organization. His project has 26 stakeholders this week and will have five additional stakeholders next week. How many more
communication
channels will Ben's project have next week?

Accepted Answer

Ben's project will have 140 more communication channels because of the five additional stakeholders. To solve the question, you will need to find the current
stakeholder communication channels first, which is (26*25)/2= 325, and then find the difference of the number of channels for the five additional stakeholders. You
can use the formula of N(N-1), where N is the number of stakeholders. In this example, the formula would read: Total number of communication channels that Ben
will have next = ((31*30)/2)-((26*25)/2 =140 Answer option D is incorrect. Five is the number of additional stakeholders.
Answer option B is incorrect. 10 is the number of communication channels among just five stakeholders.
Answer option C is incorrect. 325 is the number of current communication channels.

Question 4

Harry works as a project manager for the NHQ project. His project has a budget of $2,208,456 and is scheduled to last for three years. His project is currently forty
percent complete though it should be forty-five percent complete. In order to reach this point of the project, he has spent $725,000. Management needs a
performance report regarding the NHQ project. Management is concerned that this project will be over budget upon completion. What is the estimate at completion
for this project that Harry will need to report to management?

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Accepted Answer

The estimate at completion can be calculated by dividing the budget at completion by the cost performance index. Here,
CPI =EV/AC
= (0.40*2,208,456)/725000
= 1.21846
EAC = BAC/CPI
= 2,208,456/1.21846
= 1,812,498
What is Estimate at Completion (EAC)? Estimate at Completion (EAC) is a field that displays the final cost of the project including the actual costs and the forecast
of remaining costs based on the cost performance index (CPI) so far. The formula used to calculate this estimate is as follows: ACWP+(BAC-BCWP)/CPI

Question 5

You are the project manager for your company. You are working with the management regarding the exact end date of your project. Management needs to know
what day of the week your project will complete. Assuming that your project will not require any work to be completed over the upcoming weekends and that the
remaining project work will commence on a Tuesday, what day of the week will the project end if there are 67 days of project work left to complete?

Accepted Answer

The project will end on a Wednesday. If the project work commences on a Tuesday, there will be four days to complete in that week. That will bring the project
work down to 63 days of remaining work. Each work week counts as five days of work. 63 divided by 5 is 12 work weeks with three days remaining. The 63rd
remaining day will complete on a Wednesday. Answer options C, D, and B are incorrect. These are not the valid answers.

Question 6

Jim is the project manager for his project. He and his project team are creating their duration estimates for the work packages in the WBS. For each activity, Jim is
adding a few hours to the duration estimate in case something goes wrong during the completion of the work activity. Sarah, the project sponsor, does not approve
of this and warns Jim of
Parkinson's Law. What is Parkinson's Law?

Accepted Answer

Parkinson's Law states that work expands to fill the amount of time allotted to complete the work. If Jim allows 25 hours for a project team member to complete a
20-hour task, it will likely take the team member 25 hours to do the work.
Answer option A is incorrect. This is a description of the Expectancy Theory. Answer option B is incorrect. This is a description of the learning curve.
Answer option D is incorrect. This is a description of a portion of the Law of Diminishing Returns.

Question 7

You work as a project manager for BlueWell Inc. Your project requires the project team to paint 1,500 hotel rooms. Your project team reports that it will take them
approximately 4 hours to paint each hotel room. You reason, then, that it will take 6,000 hours to paint all of the hotel rooms. What type of an estimate are you
creating in this scenario?

Accepted Answer

This is an example of a parametric estimate. This estimate type uses a parameter, such as four hours of painting per hotel room, and multiplies this value across
the total number of units, such as 1,500 rooms. A parametric estimate is an estimate that uses a parameter to predict the costs of the project, such as cost per
network drop or cost per software license. Parametric estimating technique utilizes the statistical relationship that exists between a series of historical data and a
particular delineated list of other variables.
Answer option C is incorrect. An analogous estimate type uses a similar project's duration as a basis for the current project's estimate duration.
Answer option B is incorrect. A definitive estimate type accounts for the duration or costs of each work package in the WBS.
Answer option D is incorrect. A bottom-up estimate, also known as a definitive estimate, accounts for the duration or costs of each work package in the WBS.

Question 8

Nancy is the project manager of the JJJ Project. This project has recently been approved by the project customer as complete so Nancy must now finalize the
administrative closure. Nancy needs to create the final project report to report the successes and failures in the project. Who should Nancy deliver this final project
report to if she is participating in a projectized structure?

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Accepted Answer

The communications management plan will define who will receive what information. Answer option B is incorrect. The project sponsor may be a recipient but the
project communications management plan is the best selection.
Answer option A is incorrect. Functional management is not the best choice in a projectized structure.
Answer option D is incorrect. The project customer may receive a copy of the report, but the project communications management plan should direct the
communications.

Question 9

You are the project manager of the GHE Project. You have identified the following risks with the characteristics as shown in the following figure: How much capital
should the project set aside for the risk contingency reserve?

Accepted Answer

Contingency reserves are estimated costs to be used at the discretion of the project manager to deal with anticipated, but not certain, events. These events are
"known unknowns" and are part of the project scope and cost baselines. The contingency reserve is calculated by multiplying the probability and the impact for the
risk event value for each risk event. The sum of the risk events equals the contingency reserve for the project. Note that Risk D is a positive risk amount.
Answer option C is incorrect. This value is the sum of the risk events if you did not include Risk D as a positive risk value.
Answer option A is incorrect. This is a sum of the risk event.
Answer option B is incorrect. This is a sum of the risk events without including Risk D as a positive risk event.

Question 10

You are the project manager of the NHQ Project. You have created the project network diagram as shown in the figure:
You are concerned about a risk on Activity G that if it happens will delay the project by four days. You would like to utilize float for Activity G. How much float is
available for Activity G to help offset the risk event?

Accepted Answer

There is no float available for Activity G because it is on the critical path. Float or total float (TF) is the total amount of time that a schedule activity may be delayed
from its early start date without delaying the project finish date, or violating a schedule constraint. It is calculated by using the critical path method technique and
determining the difference between the early finish dates and late finish dates.
Answer options B, A, and C are incorrect. There is no float available for Activity G because it is on the critical path.