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You are managing a project with a budget of 500,000 USD, and 250,000 USD has been spent. Upon review, you observe that only 40% of the work has been completed, your schedule says that you should have completed 50% of the work. What will be estimate to complete (ETC)?
  1. 625,000 USD
  2. 500,000 USD
  3. 400,000 USD
  4. 375,000 USD

2. Using the chart, the resource for activity A is assigned to an additional, more important, project. As a result, the resource will not be able to devote as much time to your project. Activity A will now take 10 weeks. How does this affect the project?

  1. There are three critical paths.
  2. The project will be delayed
  3. The project is riskier
  4. Activity D will be delayed
Correct Answer

3. Joe has been managing a project for Exton Oil Corp. This project involves redesigning filling stations across the state. The redesign involves new gas pumps, security cameras, convenience stores, and use of environmentally friendly materials in the construction. While the redesigning work proceeds, Joe’s design engineer suggests a secondary alarm system for gas pumps to alert the attendant in case of a spill. Although this suggestion is not in the project requirements, Joe is impressed with the engineer’s recommendation. What should be the next step for Joe with regard to the engineer’s suggestion?

  1. Initiate the formal change control process to find the impact of his recommendation
  2. Approve his recommendation and allocate resources and funds
  3. Create an issue log to document the engineer‘s suggestion for future use
  4. Reject his recommendation as it requires additional funding
Correct Answer

4. Calculation of late finish dates and late start dates for the uncompleted portion of the project is called ____________.

  1. Schedule compression
  2. An arrow diagram
  3. A backward pass
  4. A forward pass
Correct Answer

5. A manufacturing project has a schedule performance index (SPI) of 0.89 and a cost performance index (CPI) of 0.91. Generally, what is the BEST explanation for why this occurred?

  1. The scope was changed
  2. A supplier went out of business, and a new one needed to be found
  3. Additional equipment needed to be purchased
  4. A critical path activity took longer and needed more labor hours to complete.
Correct Answer

6. Another project manager has a family emergency and must leave. He has asked you to fill in for him during a team meeting to discuss a minor problem with the project. He has already distributed a detailed agenda and provided with a copy. When you attend the meeting, several members of the team are making fun of the absent project manager’s ethnic heritage. Your company does not have a formal diversity policy covering such behavior. What should you do?

  1. Because your company does not have a written diversity policy, there is nothing you can do.
  2. Report the incident to the other project manager
  3. Hold the meeting as if nothing happened
  4. Begin the meeting with a discussion of diversity and professional behavior.
Correct Answer

7. An effective quality audit should be:

  1. Structured and independent
  2. Informal and independent
  3. Informal and internal
  4. Structured and internal
Correct Answer

8. Your boss says that in order to your new product to market sooner, the project must be completed four months earlier. However, he does not want to shorten the schedule if the project cost will go up more than US $22,000. Provided with the chart, which critical path activity(s) would you crash?

  1. Activity D
  2. Activities A and F
  3. Activities A and H
  4. Activity C
Correct Answer

9. You have four projects from which to choose one. Project A is being done over a six year period and has a net value (NPV) of US $70,000. Project B is being done over a three year period and has an NPV of US $30,000. Project C is being done over a five year period and has an NPV of US $40,000. Project D is being done over a one year period and has an NPV of US $60,000. Which project would you choose?

  1. Project A
  2. Project B
  3. Project C
  4. Project D
Correct Answer

10. You are having your project team members record the time they spend on different activities during the day, such as programming, electrical, HVAC, etc. This is an example of a tool and technique in what process?

  1. Manage Communications
  2. Direct and Manage Project Work
  3. Monitor and Control Project Work
  4. Manage Team
Correct Answer

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